Proposed tax code changes will mean trouble for Texas

Mills, Alex
June 2009
Fort Worth Business Press;6/1/2009, Vol. 24 Issue 18, p13
The article discusses the proposed changes in the oil and gas tax code of the U.S. and its possible impact on independent oil producers in Texas. The proposal was made by U.S. President Barack Obama under his proposed 2010 budget. It relates the amount that will be generated from the changes which would fund the research and development of wind and solar energies. Information is provided on the number of Texans who will lose their oil and gas jobs due to the proposed tax increases, according to the Texas Alliance of Energy Producers.


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