Graphic: Puny Republican “Impact Fee” Left a Quarter Billion Dollars on the Table Last Year

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West Virginia – which no one would mistake for a liberal or environmentalist utopia – has a 5% severance tax on fracking.

Tom Corbett keeps saying our Commonwealth is broke, but he also calls Pennsylvania the Saudi Arabia of natural gas, and has only been willing to levy a tiny impact fee on his friends the gas drillers.

How tiny? Steve Esack reports that it will have raised about half as much as West Virginia’s tax in 2013:

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The Republicans left about a quarter billion dollars on the table at the same time as they were crying poverty to parents who want the billion dollars in Corbett school cuts restored.

Being Natty Gas Saudi Arabia, we could probably charge a 10% severance tax without seriously depressing drilling activity, and use that money to restore education cuts and expand Medicaid to more low and middle income earners.

This entry was posted in Budget, Environment, Governor.

9 Responses to Graphic: Puny Republican “Impact Fee” Left a Quarter Billion Dollars on the Table Last Year

  1. tgb says:

    What happens when they go to drill deeper for the Utica Shale Gas and Oil? Do they pay a second fee since it is a different target? Do they pay State Corporate Net Income Tax? How much Pa state income tax have the out of state workers paid? How are we sure we are getting what is owed to us from these people since they reside far away in some places that do not have state income tax.

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  3. Let Me Help You Out There says:

    State Corporate Income Tax Rates:
    Pennsylvania: 9.9%
    West Virginia: 7.0%

    http://taxfoundation.org/article/state-corporate-income-tax-rates-2000-2013

    • Sean Kitchen says:

      That’s not on our “Commonwealth Citizens” natural resources coming out of the ground by the million cubic foot.

      • Let Me Help You Out There says:

        I never said that it was based on extraction. Geeting made an apples-to-oranges comparison of the tax burden placed on natural gas companies.

        It’s no different than trying to compare states on the basis of personal income tax without taking into consideration sales taxes.

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