Did Governor Wolf’s Tax on Natural Gas Scare Away Foxconn?

Foxconn, a Taiwanese electronics manufacturer, who was considering PA for a new plant, may have had a change of heart due to Governor Wolf’s tax record.

The governor of Wisconsin and industry statistics provide Pennsylvania House Republicans more reasons to resist proposals for a new tax on natural gas producers.

In a report by international consulting firm PwC, Pennsylvania is listed behind only Texas, California and Oklahoma for total employment (322,600 jobs) from the oil and natural gas industry in 2015. Income from the industry was reported as $22.9 billion, more than five percent of the state total. The value added to Pennsylvania’s economy is put at $44.5 billion, according to the report sponsored by the American Petroleum Institute.

Read more:

http://naturalgasnow.org/wolfs-tax-on-natural-gas-scare-foxconn/

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