To tax or not to tax? That is the question. From (D)Rendell to (R)Corbett, the debate on whether or not to impose a tax or severance fee is still raging. In early 2009, Rendell had proposed a severance tax as a way to provide affected communities with the revenue to support needed changes and improvements that drilling may bring. Current Governor Corbett states that drilling companies have already paid their dues in full.
We would really like to know what our readers think about this debate. Are there economic benefits to be had? Voice your virtual opinion in our comments section!
Read the full article, ‘Fracking’ Fees Buoy Some States, by Paul Burton of The Bond Buyer.