Coalition letter to Max Baucus endorses a pro-growth tax code (December 13, 2013)Oil and natural gas associations endorse a pro-growth tax code that promotes domestic investment, job creation and energy production. While we respect and appreciate your efforts to make the tax code less complicated and more competitive, your recent discussion draft on cost recovery and tax accounting raises significant concern among our member companies.
Throughout the economic downturn, America’s oil and natural gas industry has provided one of the few bright spots as the economy struggles toward recovery. The industry has invested hundreds of billions of dollars to develop our nation’s oil and natural gas reserves, expand our refining capacity and develop innovative new technologies to meet the energy demands of a growing economy.
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