Punitive Taxation of Profitable Oil Industry Won't Break Dependence on Foreign Crude

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	Punitive Taxation of Profitable Oil Industry Won't Break Dependence on Foreign Crude Investor's Business Daily By Mark J. Perry New taxes on oil companies would drastically cut capital that otherwise could be invested in emerging energy technologies and the expansion of refinery capacity. Taxes would negatively impact domestic energy production, reducing revenues. And they would tilt the playing field against U.S. companies that compete globally. read more

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Congress will soon consider massive new taxes — roughly $80 billion — on America's oil and natural gas industry, yet this level could produce devastating effects on our economy, all when America can least afford it.

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Punitive Taxation of Profitable Oil Industry Won't Break Dependence on Foreign Crude

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