New Study Illustrates Crippling Effects of Proposed Oil and Gas Tax Hikes

LSU professor projects thousands of lost jobs, hundreds of billions in lost economic activity from proposed punitive tax hikes on U.S. energy companies

WASHINGTON, Sept. 10 /PRNewswire-USNewswire/ -- On Monday, September 13, the American Energy Alliance (AEA) will host a conference call to unveil a new study by Dr. Joseph Mason, Banking Chair of the Ourso School of Business at Louisiana State University. Even offering the most conservative estimates, "Regional and National Economic Impact of Repealing the Section 199 Tax Deduction and Dual-capacity Tax Credit for Oil and Gas Producers" finds staggering economic consequences of the Obama Administration's punitive tax hikes on the oil and gas sector. The findings include over one hundred thousand lost jobs and billions of dollars in lost economic activity.  

For additional details or to receive a copy of Dr. Mason's study, please email [email protected].

Save U.S. Energy Jobs is a project of the American Energy Alliance (AEA) dedicated to promoting jobs, energy affordability, and safety in the development of our offshore resources.

SOURCE Save U.S. Energy Jobs

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