By: Mary Smith - Staff Writer
Published: May 11, 2021

Energy Tax Deductions 2011

Energy Tax Deductions 2011 - Many people feel the energy tax deductions 2011 bill is bad for America. Charles T. Drevna, president of NPRA, the National Petrochemical & Refiners Association, had much to say about the tax. Basically, the decutions are elminated for companies that produce natural gas.

“Singling out one sector of our economy and the 9.2 million men and women it employs for unfair and =-scriminatory tax treatment is political demagoguery and public policy at its worst. Instead of engaging in the politics of demonization and vilification, our leaders should be working to develop an energy policy that is focused on serving the American people,” Drevna said.

Drevna believes that by imposing what would amount to a multibillion-dollar energy tax would be bad for American consumers and the American economy.

“It would hurt American companies producing energy and fuels in our own country and give foreign competitors an unfair advantage, endangering American jobs and making America more reliant on foreign energy,” he said.

He suggests that it makes no sense to slap billions of dollars in new taxes on energy that Americans use every day.

“American oil and natural gas producers and fuel and petrochemical manufacturers already pay hundreds of billions of dollars in federal, state and local taxes and don’t get a penny in government subsidies. These companies simply want the right to maintain the same type of tax deductions that every other American business already gets. We ask for no special treatment, only fair and equitable treatment.”


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