MultiVu Video Feed: Citizen Group Launches Multi-Million Dollar Ad Campaign to Stop Higher Energy Taxes
The 362,000-member National Taxpayers Union (NTU) today launched an over $4 million national television and radio advertising campaign to oppose efforts from federal officials that would increase taxes on American energy companies. The NTU spots, which stress the negative economic and job-loss impact of the tax proposals, will appear on national cable networks and on local stations in Arkansas, Iowa, Nebraska, Virginia, and Washington.
Congress is considering an extremely destructive "double tax," through repealing a widely available credit that offsets taxes paid to other countries. However, this new "double tax" would apply only to energy providers here in the U.S. - meaning state-owned companies in countries like Venezuela and China will effectively receive a competitive edge over American firms. Ironically, even BP - the target of Congress's ire over the Gulf spill - will gain a tax advantage. Also under consideration in the U.S. Senate is a repeal of Section 199 of the U.S. tax code, a manufacturers' deduction, for only the oil and gas industry. The deduction allows companies to reinvest revenue into creating jobs and domestic economic growth.
The two provisions help to offset the high rates and complexity that make the U.S. corporation income tax system one of the most burdensome in the industrialized world. Repealing them would not only hurt one of the few relatively well-performing sectors of our economy, it could also signal a new wave of punitive tax policies aimed at politically convenient targets. Furthermore, with heavier across-the-board burdens looming due to inaction on extending the 2001 and 2003 taxpayer relief laws, the prospect of a recovery is already tenuous.
SATELLITE FEED: Friday, September 3rd, 2010 10:30 AM - 10:45 AM ET Galaxy 19 C-Band Transponder 13 Downlink Freq. 3960 Vertical
NEWS: National Taxpayers Union (NTU) Launches TV AD Campaign To Stop Energy Taxes
FORMAT: B-roll and Soundbites
ADDITIONAL RESOURCES: Video, contact information and more available at: http://multivu.prnewswire.com/broadcast/45889/consumer.html
SOUNDBITES: * Pete Sepp, Executive Vice President, National Taxpayers Union (NTU) B-ROLL INCLUDES: * NTU Spots: National * Virginia * Arkansas * Nebraska * Washington State * Iowa * Energy-related footage
VIDEO PROVIDED BY: National Taxpayers Union (NTU)
Contact: FOR MORE INFORMATION, PLEASE CALL: MultiVu Media Relations, 1-800-653-5313 EXT. 3
SOURCE National Taxpayers Union (NTU)
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