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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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Proposed Energy Taxes Would Result in the Loss of 150,000 Jobs
A new study warns that President Obama’s proposed energy taxes would impel job loss, reduce economic activity, and deprive states of much needed tax revenue. Examining the economic impact a repeal of Section 199 and a rewriting of dual-capacity tax law for oil and natural gas producers would have on the economy, Dr. Joseph R. Mason reveals how imprudent these proposals are.
Published by the American Energy Alliance, Dr. Mason finds that repealing these tax deductions—which are enjoyed by every domestic company—only for energy producers would result in:
- The loss of over 150,000 jobs across the country by the end of 2011
- The loss of 56,000 jobs, and $24 billion in wages, to the Gulf community
- A loss of $68 billion dollars in wages nationwide
- The loss of $18 billion in local government revenue
- The loss of $65 billion in federal revenue
- $341 billion dollars in reduced U.S. economic activity between 2011 and 2020
It is important to note that these tax hikes—and subsequent economic repercussions—have been proposed in the Presidential FY 2011 Budget and used as “pay-fors” by Democrats in numerous pieces of legislation.
Click here to read the full press release.
Posted by Chris Prandoni 
on Tuesday, September 21, 2010 4:37 PM EDT
on Tuesday, September 21, 2010 4:37 PM EDTTo follow Chris Prandoni's RSS feed click here. To follow them on Twitter, their handle is @ChrisPrandoni
