The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

taxes  tax-policy  cost-recovery  intangible-drilling-costs  section-199  foreign-tax-credit  lifo 

Stephen Comstock

Stephen Comstock
Posted January 29, 2014

Contrary to what some in politics, the media and most recently, the president during the State of the Union, have said, the oil and natural gas industry currently receives not one taxpayer “subsidy,” “loophole” or deduction. Since its inception, the U.S. tax code has allowed corporate taxpayers the ability to recover costs. These cost-recovery mechanisms, also known in policy circles as “tax expenditures,” should in no way be confused with “subsidies” – direct government spending or “tax loopholes.”

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congress  domestic-energy  energy-policy  foreign-tax-credit  tax-code  taxes  company-tax-rate 

Jane Van Ryan

Jane Van Ryan
Posted August 31, 2010

In today's episode, I interview Stephen Comstock, API's tax policy manager, about proposals from Congress and the administration that could raise taxes on the oil and natural gas industry. If enacted, these taxes would have a negative impact on the U.S. economy and the industry.


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