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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
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Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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ATR and a Broad Coalition of 27 Organizations Urge Congress to Oppose Oil and Gas Tax Hikes
Click here to read the letter ATR sent to Congress.
Today, Americans for Tax Reform and a coalition of 27 national and state organizations sent a letter to Congress urging them to oppose all tax hikes on the oil and gas industry. Currently, some elected officials are looking to repeal the tax exemptions that oil and gas companies, along with all domestic manufacturers, are entitled to. “Oil companies are subject to many of the same tax laws as other domestic manufacturers, even though much of their operations occur overseas and incur foreign tax liabilities. In fact, the effective tax rate for oil and natural gas companies in 2009 was 48 percent compared to 28 percent for the rest of Standard and Poor’s industries, explaining why oil and gas companies paid a total of $13.3 billion in taxes last year.”
In this economic climate, Congress should be doing all it can to encourage investment and help create jobs in the U.S. “Employed by every domestic manufacturer and producer in the United States, the domestic jobs manufacturing deduction (section 199 of the I.R.C.) is a tax break given to American companies to encourage growth and investment in the U.S. A repeal of this provision for oil companies discourages multinational entities from creating jobs here, as opposed to abroad.”
Posted by Chris Prandoni 
on Monday, August 2, 2010 10:09 AM EDT
on Monday, August 2, 2010 10:09 AM EDTTo follow Chris Prandoni's RSS feed click here. To follow them on Twitter, their handle is @ChrisPrandoni
