Nearly two weeks into the new fiscal year, and Pennsylvania is still without a budget after Gov. Wolf vetoed the Republicans’ proposal last month.
The governor, whose own budget proposal didn’t receive a single vote in the House, cited the lack of severance tax as one of the reasons for his veto. Keep in mind, this is a tax that would destroy jobs and raise energy costs for poorer families.
Elizabeth Stelle, CF’s director of policy analysis, was on WSBA’s The Gary Sutton Show to discuss the pitfalls of raising taxes on the natural gas industry.
Gov. Wolf’s camp claims the gas industry doesn’t pay its fair share of taxes. Not true. As Elizabeth points out, Pennsylvania already imposes an Impact Fee and “many other taxes, fees, and regulations that put a very heavy burden on the drilling industry.”
The severance tax would drive away investment in the state and result in 4,138 fewer private sector jobs in 2017. It would also hit poor and working class families with $180 million more in higher utility taxes.
To listen to Elizabeth’s conversation with Gary Sutton, check out the link below.
The Gary Sutton Show airs daily on WSBA 910AM in the York area.
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