Posts Tagged marcellus shale

This Week on Lincoln Radio Journal: State Spending During Budget Impasse


Radio Program Schedule for the week of December 12, 2015 – December 18, 2015

This week on Lincoln Radio Journal:

  • Eric Boehm has news headlines from PAIndependent.com
  • Lowman Henry has a Newsmaker interview with State Representative Chris Dush co-author of a Report on State Spending During the Budget Impasse
  • Eric Montarti and Frank Gamrat have an Allegheny Institute Report on demise of the proposed severance tax on Marcellus shale drillers
  • Beth Anne Mumford has a guide to dealing with that progressive who comes home for the holidays

This week on American Radio Journal:

  • Lowman Henry talks with Veronique de Rugy from the Mercatus Center at George Mason University about abolishing the U.S. Department of Agriculture
  • Doug Sachtleben of the Club for Growth has the Real Story on the federal budget stalemate
  • Eric Boehm and Matt Kittle have a Watchdog Radio Report on a Wisconsin prosecutor run afoul of campaign finance laws
  • Colin Hanna of Let Freedom Ring, USA has an American Radio Journal commentary on President Obama’s ISIS speech

Visit the program web sites for more information about air times. There, you can also stream live or listen to past programs!

http://www.lincolnradiojournal.com

http://www.americanradiojournal.com

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This Week on American Radio Journal: Judge Andrew Napolitano


Radio Program Schedule for the week of December 13, 2014 – December 19, 2014

This week on American Radio Journal:

  • Lowman Henry talks with Judge Andrew Napolitano, author of the book Suicide Pact about the expansion of Presidential power
  • Andy Roth has the Real Story on the impact of the Club for Growth
  • Eric Boehm and Katie Watson have a Watchdog Radio Report on states seeking to take power back from the federal government
  • Col. Frank Ryan, USMC (Ret.) has an American Radio Journal commentary on the U.S. Senate release of the report on CIA interrogation activities

This week on Lincoln Radio Journal:

  • Eric Boehm has news headlines from PAIndependent.com
  • Lowman Henry has a Newsmaker interview with David Spigelmyer, President of the Marcellus Shale Coalition
  • Eric Montarti and Frank Gamrat look back at the big issues of 2014 on the Allegheny Institute Report
  • Beth Anne Mumford from the PA Chapter of Americans for Prosperity has a Lincoln Radio Journal commentary on the need for a Paycheck Protection law

Visit the program web sites for more information about air times. There, you can also stream live or listen to past programs!

http://www.lincolnradiojournal.com

http://www.americanradiojournal.com

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A Taxing Tale


President Obama’s claim that “If you like your health care plan you can keep your health care plan” was dubbed by pundits as the 2013 lie of the year. Fast forward to this year’s gubernatorial campaign and two lies are competing for top honors.  Take your choice between: Governor Tom Corbett has slashed spending on public education; and Marcellus Shale gas drillers, unlike other states, are not paying high enough taxes.

Pollsters for the four remaining Democratic candidates for governor seem to have all discovered that education funding has surpassed unemployment and the melting polar ice caps as the main issue concerning likely voters in the upcoming primary.  Thus a happy convergence of the two lies has occurred.  The candidates can promise voters their cake – more education spending – and they can eat it too because they will tax the robber baron gas drillers to pay for it.

Setting aside the fact more state dollars are being spent on public education than at any time in the history of the commonwealth, let’s focus on whether or not companies drilling in Pennsylvania’s Marcellus Shale reserve are paying their fair share.  One candidate claims on his website that we are giving “. . . away our state’s valuable resources without generating revenue for critical investments like schools . . . ”  His television ads point out that gas drillers in Penn’s Woods do not pay a severance tax as do companies operating in every other state in the union.

That is a true, but misleading statement.  Pennsylvania does not levy a severance tax, which is a tax applied on gas as it leaves the well, but the commonwealth does charge gas companies – as it does all other businesses – both a Corporate Net Income Tax and a Capital Stock & Franchise Tax.  We are the only state in the nation that levies both of those taxes.  That alone would place Marcellus shale drillers on an equal footing with the 49 other states.

But, it doesn’t stop there.  Act 13 of 2012 imposed an impact fee on natural gas wells in Penn’s Woods.  It is called a fee because Republicans supporting the measure did not want to be accused of raising taxes.  A rose by any other name, however, is still a rose.  The dictionary defines the word tax as “a sum of money demanded by a government for its support, or for specific facilities or services.” Thus, the Marcellus Shale impact fee is, by definition, a tax.

The impact tax is levied based upon the price of natural gas traded on the market and on the age of the wells.  Thus the amount of revenue generated each year fluctuates depending on market performance and number of wells drilled.  According to the Allegheny Institute for Public Policy in Pittsburgh, the impact tax generated $204.2 million in revenue in 2011 and $202.5 million in revenue in 2012.  Less was generated in 2012 because the market price of the gas had decreased.

So, to put this into perspective, an industry that supposedly is not paying its fair share over the past two years paid every tax every other business in the state paid plus an additional $406.2 million.  What sort of outrage would there be if, for example, we asked farmers to pay an impact tax? They use natural resources – soil and water – to produce their product.  Or, perhaps to make it fair we should enact a “success tax” – in addition to Corporate Net and Capital Stock & Franchise taxes – on any business in Pennsylvania that expands rapidly and reaps higher profits?

The current political debate focused on adding another layer of tax on Marcellus Shale drillers implies, and in some cases outright states, that the gas companies are taking a natural resources and we are left with no benefit.  But the Allegheny Institute’s analysis of where dollars from the impact tax have gone shows that a wide range of state agencies, county and local governments have received revenue from the tax.  These funds have gone to repair and replace local bridges, improve water and sewer projects, clean up acid mine drainage, pay for green space initiatives and watershed projects. Money has been set aside in the Environmental Stewardship Fund to pay for any future problems which may arise, and into community and economic development.  Counties – all 67 of them – have shared in over $21 million in revenue.

As in most political campaigns truth is the first casualty.  Candidates can certainly propose higher taxes, but they should at least not mislead voters. Instead they should tell the whole story and not just those parts of it that fit their campaign narrative.

(Lowman S. Henry is Chairman & CEO of the Lincoln Institute and host of the weekly Lincoln Radio Journal. His e-mail address is lhenry@lincolninstitute.org.)

Permission to reprint is granted provided author and affiliation are cited.

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This Week on Lincoln Radio Journal: Foster Friess on Helping Tornado Victims


Radio Program Schedule for the week of June 1, 2013 – June 7, 2013

This week on American Radio Journal:

  • Lowman Henry talks with philanthropist Foster Friess about his Governors Match project to raise funds for the victims of the Oklahoma tornado
  • Andy Roth of the Club for Growth has the Real Story behind prominent Republicans retiring from Congress
  • Eric Boehm and Benjamin Yount have a Watchdog Radio look at which states are signing up for expanded Medicare under Obamacare
  • Colin Hanna of Let Freedom Ring, USA has an American Radio Journal commentary on whether or not conservatives can win the immigration debate

This week on Lincoln Radio Journal:

  • Eric Boehm and Melissa Daniels have news headlines from www.paindependent.com
  • Lowman Henry has a Newsmaker interview with Foster Friess on his Governors Match challenge to raise funds for the victims of the Oklahoma tornado
  • Eric Montarti and Frank Gamrat look at the Marcellus Shale impact fee on the Allegheny Institute Report
  • Jennifer Stefano has a Stefano Speaks! commentary on conservatives and labor unions working together to repeal Obamacare

Visit the program web sites for more information about air times. There, you can also stream live or listen to past programs!

http://www.lincolnradiojournal.com

http://www.americanradiojournal.com

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This Week on Lincoln Radio Journal: Greg Wrightstone Explains ‘Fracking”


Radio Program Schedule for the week of December 31, 2011 – January 6, 2012

This week on American Radio Journal:

  • Lowman Henry gets the latest on the Iowa Caucuses from Matt Lewis of the Daily Caller
  • Andy Roth of the Club for Growth details the biggest stories congress faced in 2011
  • Adam Tragone and Cathy Taylor of Human Events announce the 2011 “Conservative of the Year”
  • Dr. Paul Kengor from the Center for Vision & Values at Grove City College comments on the passing of Vaclav Havel

This week on Lincoln Radio Journal:

  • Lowman Henry talks with petroleum geologist Gregory Wrightstone about the process of hydraulic fracturing or “fracking” used in extracting gas from the Marcellus Shale Reserve
  • Eric Montarti and Frank Gamrat have an Allegheny Institute Report on legislative inaction on reforming the property tax reassessment process, and providing transportation funding
  • Col. Frank Ryan, USMC (Ret.) has a Lincoln Radio Journal commentary on the Federal Reserve Board’s latest effort to manipulate the U.S. economy

Visit the program web sites for more information about air times. There, you can also stream live or listen to past programs!

http://www.lincolnradiojournal.com

http://www.americanradiojournal.com

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This week on Lincoln Radio Journal: Commissioner Doug McLinko on Impact of Marcellus Shale Drilling


Radio Program Schedule for the Week of November 26, 2011 – December 2, 2011

This week on Lincoln Radio Journal:

  • David Taylor of the PA Manufacturers Association and Matthew Brouillette from the Commonwealth Foundation are joined by Bradford County Commissioner Doug McLinko for a Capitol Watch discussion on the impact of Marcellus Shale drilling in rural Pennsylvania
  • Lowman Henry has a Town Hall Commentary on the rise of presidential candidate Newt Gingrich.

This week on American Radio Journal:

  • Lowman Henry talks with Pete Sepp of the National Taxpayers Union (NTU) about efforts to pass a balanced budget amendment
  • Andy Roth of the Club for Growth has the Real Story behind the failure of the “super committee” on debt reduction
  • Adam Tragone of Human Events talks with Brett Decker author of the new book Bowing to Beijing
  • Col. Frank Ryan, USMC (Retired) has an American Radio Journal commentary on the Obama Administration’s lack of transparency.

Visit the program web sites for more information about air times. There, you can also stream live or listen to past programs!

http://www.lincolnradiojournal.com

http://www.americanradiojournal.com

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This Week on Lincoln Radio Journal: PA Lt. Governor Jim Cawley


On Air this August 27, 2011 – September 2, 2011

This week on Lincoln Radio Journal:

  • Lowman Henry talks with Pennsylvania Lieutenant Governor Jim Cawley about the Marcellus Shale Advisory Commission report
  • Joe Geiger has Michele Daly of the Women’s Resource Center in the Nonprofit Spotlight
  • And, Scott Paterno has an Uncomfortable Truth commentary on the environmental impact of electric cars.

This week on American Radio Journal:

  • Lowman Henry talks with Joe Hicks of PJ TV’s Minority Report and The Hicks File about the impact of multi-culturalism
  • Adam Tragone of Human Events has an Off The Cuff interview with Mark Steyn author of After America
  • And, Dr. Paul Kengor from the Center for Vision & Values at Grove City College has an American Radio Journal

commentary on the cause of our nation’s fiscal woes.

Visit the program web sites for more information about air times. There, you can also stream live or listen to past programs!

http://www.lincolnradiojournal.com

http://www.americanradiojournal.com

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