Melanie LyonsWorried about the tax provisions in President Obama’s Budget

March 5, 2009 by Melanie Lyons · Leave a comment
Filed under: energy 

We just sent out a news release late yesterday on President Obama’s budget. AGA is worried that by changing the tax laws that address intangible drilling costs, geological and geophysical expenses, the depletion allowance and the manufacturing deduction, the budget will discourage independent energy producers from discovering and producing natural gas. Those types of changes would discourage independent energy producers from discovering and producing natural gas, thus shrinking supply and increasing cost.

Dave Parker had some good thoughts on the matter.

“Right now, natural gas utilities are able to deliver clean, domestic natural gas to customers at reasonable prices,” Parker said.  “With the economy in the doldrums, now is not the time to increase the price of natural gas to consumers.”

You can read the full release here. Are you worried these changes are going to lead to higher bills? Let us know what you think in the comments.

Share:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Mixx
  • LinkedIn
  • Facebook
  • Google Bookmarks
  • Reddit
  • Technorati
  • Print
  • email

Other posts that might interest you:

  1. Obama budget could impact future domestic energy supplies
  2. A compelling letter to President Obama about energy-related shortfalls in the economic stimulus package
  3. Who is the American Gas Association?

Leave a Comment
Tags: Natural Gas

Comments

Tell us what you're thinking...and don't forget you can check the 'Notify me of followup comments via e-mail' box under the submit button. If you want a pic to show with your comment, go get a gravatar!