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Does "Progress" Always Have to Mean Attacking Job Creation?
February 11, 2014
In the paradoxical category, a new but also not-so-new article from Center for American Progress calls - again - for discriminatory tax policies toward oil and gas companies.
That CAP is attacking the energy sector is no surprise - they release a piece of this nature each time quarterly corporate earnings are published. But it's important to acknowledge the contributions in jobs, retirees' investment returns, and yes, government revenues, that the energy sector is already making now. Implications that the industry doesn't carry its fair share of the tax burden undermine the formulation of effective energy and tax policy. Our recent infographic effectively shows the real story of the industry's economic contribution and tax burden.
Is it just a coincidence that this comes on the heels of the President's call for tax hikes on energy during his State of the Union?
Read more about the need to reform the corporate tax code for all, and end the government's trend of picking winners and losers, in my recent U.S. News & World Report piece.
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