Most voters are against increasing industry taxes, API survey shows

09/16/2010 | Oil & Gas Journal

More than 60% of U.S. voters are against boosting taxes on the oil and natural gas industry, according to an American Petroleum Institute-commissioned survey. "Voters fear that raising taxes on an industry that provides most of their energy and supports more than 9.2 million jobs would hurt them and damage the economy," said Jack Gerard, president and CEO of API. Nearly 59,000 jobs would be threatened in 2011 if key oil and gas tax incentives are eliminated, Gerard added.

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