The shale energy industry is projected to support over 220,000 direct and indirect Pennsylvania jobs by 2020, according to a new study from the US Chamber’s Energy Institute. The industry is also on pace to generate $2.3-billion dollars a year in state & local taxes by that same time.
“There are so many possibilities here as we develop this resource responsibly, and move forward with it, that I think it holds great promise for Pennsylvania” says PA Chamber of Business and Industry President & CEO Gene Barr. He says continued progress will help put a stop to imported oil.
Responding to a listener question on the “Ask the Governor” program, this month, Governor Tom Corbett reaffirmed his opposition to a severance tax. He pointed not only to the corporate tax revenue already being generated, but to the $200-million dollars collected in the first year of impact fees.
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