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JDPriestly

(57,936 posts) Mon Apr 1, 2013, 03:17 AM Apr 2013

So, if we are drilling so much oil and fracking so much gas, [View all]

why are we facing a budget crisis?

Don't the oil and gas companies pay taxes on what the drill and frack?

Seems like if we are now oil and gas self-sufficient and don't have to import, we should be raising lots of tax revenue from the profits of those drilling and fracking.

Does anybody know why we still have a budget crisis if this is true?

4 replies

= new reply since forum marked as read

Highlight:

So, if we are drilling so much oil and fracking so much gas, [View all] JDPriestly Apr 2013 OP

They lease areas madville Apr 2013 #1

Shouldn't we tax the revenue from the leases, or, if the leases are on JDPriestly Apr 2013 #3

Simple Economics Left Turn Only Apr 2013 #2

An interesting reply...and one that makes me think further about KoKo Apr 2013 #4