Replies to This Discussion

Permalink Reply by Paul Martinelli on February 28, 2014 at 5:24am

no depletion, higher severance,,,,,,where will it end?

 

Govt. see a new money stream and they want take more than their share...aren't the high income tax rates enough?

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Permalink Reply by Olive Sue on February 28, 2014 at 7:43am

How must other nations view our democracy and yet we still have the best.

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Permalink Reply by jason smith on February 28, 2014 at 6:05pm

Who cares how other nations view our democracy.

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Permalink Reply by Al Cramblett on March 1, 2014 at 4:02am

Dennis, I received an email from NARO also but posted the ROPE article as it contained more detail  than did the NARO comment.

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Permalink Reply by Ronald L. Rohr Jr. on February 28, 2014 at 11:46am

i just called my rep in ohio US Rep. Pat Tiberi Ohio to express my concern over the Camp plan hope the rest of you will do the same thank you Ron Rohr.

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Permalink Reply by Mary on March 1, 2014 at 12:36am

I just emailed our Congressman in Pennsylvania.

Here is a list for others to do the same:

By congressional district:

1^st — Rep. Robert Brady [D]

2^nd — Rep. Chaka Fattah [D]

3^rd — Rep. Mike Kelly [R]

4^th — Rep. Scott Perry [R]

5^th — Rep. Glenn Thompson [R]

6^th — Rep. Jim Gerlach [R]

7^th — Rep. Patrick Meehan [R]

8^th — Rep. Michael Fitzpatrick [R]

9^th — Rep. Bill Shuster [R]

10^th — Rep. Tom Marino [R]

11^th — Rep. Lou Barletta [R]

12^th — Rep. Keith Rothfus [R]

13^th — Rep. Allyson Schwartz [D]

14^th — Rep. Michael “Mike” Doyle Jr. [D]

15^th — Rep. Charles Dent [R]

16^th — Rep. Joseph Pitts [R]

17^th — Rep. Matthew Cartwright [D]

18^th — Rep. Tim Murphy [R]

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Permalink Reply by Frank Walker on March 1, 2014 at 2:15am

For anyone not following this, here is some perspective:

Dave Camp deserves credit for coming out with the first detailed, comprehensive, tax reform package in a long time!  While everyone else down there has been sitting on their hands, almost literally, Chairman Camp did the job for which we are paying him!!!  His proposed legislation cuts virtually all existing special-interest tax law giveaways to create a path to lower tax rates for everyone.

However, the following is also true:

House leadership wants no part whatsoever of Camp's proposal.  They are almost literally running in the other direction!!  And Dave Camp is finished as Chairman at the end of this term.  House committee Chairmen are term limited to six years.  Camp is finishing up and cannot be Chairman again.

Bottom line, Camp's proposal is already dead and buried on arrival.  Chairman Camp has no support whatsoever for any of his (considerable) work.  This thing was totally over before it ever started.  Camp's announcement was a still birth.

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Permalink Reply by Al Cramblett on March 1, 2014 at 4:55am

Frank,

Thanks for your perspective. Your comment caused me to go look at the draft tax Reform Act of 2014 which is 979 pages long. Obviously, I did not read the entire 979 pages, but did scan sections that were of interest to me. I will also agree with you that Chairman Champ should be commended for his work. It's a great initiative! That said, I also believe that it is in the best interests of the US to retain investment incentives for oil and gas drilling programs which tends to keep the dollars in country. Otherwise, major offshore conglomerates such as BP, TOTAL, etc. will invest the dollars and export the profits.

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Permalink Reply by Bluflame on March 2, 2014 at 8:45am

Frank,

  I agree. Camp's bill doesn't have a snowball's chance in Hell of becoming enacted. Regardless of merit, this is strictly a political issue that neither party is willing to address in an election year. But kudos to Rep. Camp for diving into the detail of tax reform, regardless of political consequences including upsetting landowners like us.

BluFlame

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Permalink Reply by Frank Walker on March 11, 2014 at 10:04am

Exactly.  I mean, what the heck:

I want my NG royalties tax break too, just like any other landowner.  The only way I would agree to giving it up is if ALL tax preferences for ALL other special interests are also cancelled at the same time.  At that point I get the money back owing to reduced tax rates across the board.  Reduced across-the-board tax rates are best for America, too.  That's what President Reagan did almost thirty years ago.  Course it took a Reagan to get that done.  Today we don't have anybody even remotely close to President Ronald Reagan.  Camp tried hard and that's to his credit.  But Camp is no Reagan.  The establishment just blew him off like dirt. 

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Permalink Reply by Bluflame on March 16, 2014 at 3:53am

I would add to your comments that the elimination of preferences would need to be accompanied by a serious reduction in tax rates across the board. The depletion allowance is important, but not as important as mortgage interest and local tax deductions. I don't expect any of that occur in my lifetime.

BluFlame

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Permalink Reply by Billy Park Whyde on March 12, 2014 at 7:46am

If they spent say only 20% of their time as legislators trying to save the tax payers money instead of  50% campaigning and  50% dreaming of new taxes we could reduce taxes!

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