Higher Taxes on Energy Companies = Higher Energy Costs

By March 7, 2012Taxation

Manufacturers were disappointed to hear the President, once again, call for increased taxes on energy companies during his speech today in North Carolina. Despite growing anxiety in recent weeks about the increasing cost of gasoline and predictions of $5 a gallon gas, the Administration continues to push for punitive tax increases on the oil and gas industry.

The increased costs actually would make a bad situation worse by discouraging oil and gas investments in the United States, increasing energy costs and making us less competitive and threatening job creation and the broader economy. The NAM has long held that the debate about energy policy should focus on enhancing America’s energy security by encouraging new investments in affordable sources of energy, not with new and higher taxes.

Dorothy Coleman

Dorothy Coleman

Dorothy Coleman is vice president of tax and domestic economic policy at the National Association of Manufacturers (NAM). Ms. Coleman is responsible for providing NAM members with important information related to tax issues and representing the NAM’s position to Congress, the Administration and the media. An NAM spokesperson for tax policy issues, she coordinates membership coalitions; prepares testimony, reports and analyses; and responds to media inquiries. Before taking over as vice president of the tax policy department, she served as director of tax policy from April 1998 to April 2000.
Dorothy Coleman

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