Gas prices could rise 30-40 cents on border tax By Jarrett Renshaw NEW YORK, Feb 9 (Reuters) – U.S. independent refiners like Phillips and Valero have offered mixed support for Republican efforts to boost American jobs and products, expressing concerns about how a border tax on imports could upend the energy ecosystem. The comments by […]
US refiners give mixed reviews of GOP-backed border tax plan Read More »
Gas tax could come about thanks to low gas prices, infrastructure needs By Rory Carroll SAN FRANCISCO, Feb 8 (Reuters) – U.S. states where there has not been an increase in the gas tax are now discussing a bump and conditions might be ripe for the proposed hikes to win approval in state legislatures, tax experts said
U.S. states see favorable conditions for gas tax hikes Read More »
Border adjustment tax facing opposition from retailers, refiners, automakers By David Morgan WASHINGTON, Feb 3 (Reuters) – Republicans in the U.S. House of Representatives are considering possible changes to the design of their controversial border adjustment tax proposal to accommodate industries worried about being harmed by the provision, a top lawmaker said on Friday. The
U.S. House Republicans exploring border adjustment tax design changes Read More »
Border tax could be as high as 20 per cent on imports Feb 1 (Reuters) – Marathon Petroleum Corp’s chief executive officer said on Wednesday the company would pass along any costs incurred under a Republican-backed plan to impose a border tax on crude oil and other imports. The border-adjusted tax being considered in Washington
Marathon CEO says consumers will bear brunt of any border tax Read More »
A handful of senators have “serious reservations” about border adjustment tax: Orrin Hatch By David Morgan WASHINGTON, Feb 1 (Reuters) – The top U.S. Senate Republican on tax policy raised questions on Wednesday about a border adjustment tax backed by Republicans in the House of Representatives, and suggested it could have difficulty passing the Senate as
US Senate tax chief has questions about border adjustment tax Read More »
Border adjustment would impose 20 per cent tax on imports By David Morgan WASHINGTON, Jan 24 (Reuters) – A leading Republican lawmaker warned on Tuesday that Congress will not be able to lower the U.S. corporate tax rate to the 15 to 20 per cent range sought by President Donald Trump unless a controversial “border
U.S. Republican ties lower business tax rate to border adjustment Read More »
Stripper well producers receive 25% break from Texas state severance tax For the first time, in Feb. Texas stripper wells are eligible for a discount on the state severance tax because of low oil prices. A marginal oil well is one that produces 15 barrels or less per day or a well that produces 5
Texas stripper wells get severance tax break because of low prices Read More »
New methane emissions regulations suggest EPA head Gina McCarthystill doesn’t understand oil and gas industry The U.S. Environmental Protection Agency recently proposed new rules targeting methane and other emissions from the oil and natural gas industry, which the agency claims are required to “combat climate change.” The White House is also discussing new methane restrictions
The climate math of EPA’s costly methane rule Read More »
White House calls $10.25/b levy a “fee” rather than a tax, says Murkowski U.S. Sen. Lisa Murkowski, R-Alaska, on Tuesday released a second report prepared by the Congressional Research Service (CRS) raising key questions about President Obama’s proposal to levy a new $10-per-barrel tax on oil. An earlier CRS analysis of that proposal concluded the plan would
New report says Obama’s $10/b oil tax could damage US economy – Murkowski Read More »
“On his way out of office, President Obama has now proposed making the United States less competitive.” Last week, President Barack Obama dropped a bomb on the American oil industry by proposing a $10 tax on every barrel of production. This week, industry supporters are firing back. Obama on Tuesday plans to send to Congress the
Obama oil tax proposal “dead on arrival” – Ryan Read More »
