Uncertain tax climate could hurt business

March 6, 2010

At the [Feb. 18] IBJ Power Breakfast “Going Green,” members of the panel mentioned the uncertainty in Washington, D.C.

Each day, it seems, something new is said by the Obama administration on how best to curb greenhouse gases, whether that be through a harmful “cap and trade” program or, even worse, stifling Environmental Protection Agency regulation.

Businesses are also worried about the uncertain tax climate. President Obama included numerous tax increases in his recent budget proposal. A huge tax increase is included for domestic oil and gas production. Raising taxes hurts those who can least afford it. The vast majority of America’s oil and natural gas is produced by small, independent operators—not big, global corporations.


Phil Klaus

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