New Study Illustrates Crippling Effects of Proposed Oil and Gas Tax Hikes

September 13, 2010

WASHINGTON, Sept. 13 /PRNewswire-USNewswire/ — Today, the American Energy Alliance (AEA) will host a conference call to unveil a new study by Dr. Joseph Mason, Banking Chair of the Ourso School of Business at Louisiana State University. Even offering the most conservative estimates, “Regional and National Economic Impact of Repealing the Section 199 Tax Deduction and Dual-capacity Tax Credit for Oil and Gas Producers” finds staggering economic consequences of the Obama Administration’s punitive tax hikes on the oil and gas sector. The findings include over one hundred thousand lost jobs and billions of dollars in lost economic activity.

                  Dr. Joseph Mason, Chair of Banking at Louisiana State
    WHO           University
                 Thomas J. Pyle, President of American Energy Alliance
    WHAT         Save U.S. Energy Jobs Study Release
    WHEN         10:00 am Eastern, Monday, September 13, 2010

For additional details or to receive a copy of Dr. Mason’s study, please email info@saveusenergyjobs.org.

Save U.S. Energy Jobs is a project of the American Energy Alliance (AEA) dedicated to promoting jobs, energy affordability, and safety in the development of our offshore resources.

SOURCE Save U.S. Energy Jobs

Source: newswire

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