On the recordSeptember 16, 2014
The biggest economic boon to this country has been the explosion of oil and gas activity, primarily because of fracking.
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congress.govThe biggest economic boon to this country has been the explosion of oil and gas activity, primarily because of fracking.
Nickles highlights the economic impact of oil and gas development due to fracking.
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I do not defend 199, period. I think Congress--when you are rewriting the tax code, you should have a uniform corporate rate, not a lower rate for manufacturing.
Law makers must carefully distinguish between the need for tax credits which may operate as subsidies, compared to more favored tax deductions which are expensed as part of ordinary business operations.
If you do really good tax reform, you do not need energy tax issues. Let the marketplace work.