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No extraction tax

1 min read

It should come as no surprise that the Philadelphia media is supporting Gov. Tom Wolf’s blast of the oil and gas industry. If we end up with an extraction tax on that industry, you will see a decline in activity, and all that new tax money will go to Harrisburg and then to Philadelphia.

In Washington County, look around – the impact fees seem to benefit, to some degree, all those who endure the presence of the natural gas industry. Check out sponsorships of most major events around you, road upgrades, and so many more public services. With Washington County’s reassessment coming up in 2016, it will no doubt have an impact on all our taxes in the county.

With an extraction tax, we are being promised yet another property-tax reduction, this time on the backs of the oil and gas industry. Let’s look at previous promises of tax relief: The Pennsylvania Lottery; Parimutuel betting; casinos; table games. How did all those work out?

Buzz Meddings

Houston

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