Latest Ecotax Stories
Income Tax Revenue Down 4 Percent, Corporate Tax Revenue Down 7 Percent WASHINGTON, March 23, 2011 /PRNewswire-USNewswire/ -- State government tax collections decreased $14.3 billion to $704.6 billion in fiscal year 2010, the U.S. Census Bureau reported today.
Although policymakers believe the regressiveness of pollution taxes can be offset by returning revenue to the low paid through a reduced labor tax, that approach may not work, and also could have the unintended consequence of shrinking some workers' overall real net wages.
HARRISBURG, Pa., June 3 /PRNewswire/ -- By not having a natural gas severance tax, Pennsylvania has lost more than $54 million since last October that could have funded vital state services including education and health care, as well as drilling-related environmental and local costs.
ARLINGTON, Va., Dec.
HARRISBURG, Pa., April 30 /PRNewswire/ -- A well-structured severance tax on natural gas production will protect Pennsylvania taxpayers from shouldering the public costs that come with increased drilling, according to a report released today by the Pennsylvania Budget and Policy Center. "Natural gas extraction in the Marcellus Shale has substantial risks and substantial costs that have not yet been fully explored in the rush to drill," said Sharon Ward, Director of the non-partisan policy...
By Gargi Chakrabarty The Department of Natural Resources charged, among other duties, with policing Colorado's oil and gas industry will see its budget grow modestly if voters approve Amendment 58 in November.
- A trick or prank.