TimRobinsin
Active member
- Joined
- Oct 11, 2009
- Messages
- 1,175
BTW, with all respect to the gentleman from TU who testified here at the hearing. that testimony from TU did not seem very helpful to the cause.
The extraction tax is something every state has.
The extraction tax is something every state has, but with the political climate being as it is the "R's" would use it in the general fund, I'm not sure about how the "D's" would use it, hopefully it would fund things like clean up.
TimRobinsin wrote:
BTW, with all respect to the gentleman from TU who testified here at the hearing. that testimony from TU did not seem very helpful to the cause.
I doubt that's right, I'm thinking they take the profits and just like the coal industry and oil and gas in the past, they run. That's why the separation tax is what we need, and I don't favor any effort to increase taxes, especially on businesses, but they are planning on selling the gas to the highest bidder and that is why they want to build the keystone pipeline.Maurice wrote:
TimRobinsin wrote:
which leads me to question: if the gas company tear up a recently restored stream, do they pay back the local groups that spent years resorting said stream?
I am sure they would have to put it back the way they found it at least.
No it doesn't, but that's why the law has to be written to have all the money go to environmental impacts, but I don't believe the 'Rs' will do that, and I'm not sure if the 'Ds' get that either.pcray1231 wrote:
The extraction tax is something every state has.
I like the impact fee model much better. Let's perfect that (and I'm open to say it needs some work).
The extraction tax is something every state has, but with the political climate being as it is the "R's" would use it in the general fund, I'm not sure about how the "D's" would use it, hopefully it would fund things like clean up.
They planned to use it for "environmental" funds. But I have 2 problems with that.
1. That's what they say to pass it. The reality could be very different in 20 years. They have the leeway to use it for whatever they want and as long as it's a part of the general fund budget, it's gonna go to whatever is deemed most important at any given time. State in the law where it HAS to go.
2. Does it really make sense to say, oh, ok, gas drilling causes these extra costs. We'll make em pay for it. But, instead of covering those costs, we'll build a park somewhere else. I don't dislike parks. But if they are more important than, say, education, well, fine, budget for that. The gas companies pay corporate taxes just like any other business and that money is supposed to be what builds parks, plus any royalties the government recieves for leasing their land. The EXTRA taxes that they pay, IMO, must be earmarked specifically for the EXTRA costs associated directly to their activities. And should not be allowed to escape that arena.
So you are saying the legislators are scamming the interest groups for contributions?
That's a very cynical point of view.
JackM wrote:
So you are saying the legislators are scamming the interest groups for contributions? That's a very cynical point of view and dangerous if they are actually considering passing this legislation.
No it doesn't, but that's why the law has to be written to have all the money go to environmental impacts, but I don't believe the 'Rs' will do that, and I'm not sure if the 'Ds' get that either.