America’s natural gas and oil industry is fueling our country’s economic recovery. The industry already supports more than 10 million American jobs, and each energy job supports 2.7 jobs in other sectors. These essential workers were essential throughout the pandemic and will be vital to recovery.
These jobs could be at risk if taxes if President Biden’s proposed tax increases become law.
The current tax code is designed to encourage economic growth so the companies can invest in their employees, grow and expand. This is true not just for natural gas and oil, but many other industries, too.
Elected officials should be focused on policies that grow jobs – not shrink them. They should support policies that drive our economic recovery – not stall it. Increasing taxes was a bad idea before the recovery, and they are an even worse idea now.
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-The Energy Citizens Team
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