Approximately 150,000 jobs may be on the line. Almost immediately. If the following tax hikes pass.
” … President Obama explicitly targeted the industry for two massive tax hikes. First, he’d ban oil and gas companies from using the “Section 199” tax credit, a measure for domestic manufacturers enacted in 2004 to boost US employment. (The Senate is set to vote this week on its version of the ban.) Second, he wants to end “dual capacity” protection for US energy firms. ”
I strongly suggest you read the article.
Because it might cost the US $341 billion in lost economic activity and $68 billion in wages over the next nine years.
Daniel McAndrew 