Kasich to Shale Drillers: Start Paying Your Fair Share

March 10, 2012
Ohio Gov. John Kasich discussed a plan to tax companies drilling for shale gas in Ohio during the CERA Week energy conference in Houston earlier this week. During a press conference Wednesday, Kasich said:In regards to shale, I will be unveiling a ...

Ohio Gov. John Kasich discussed a plan to tax companies drilling for shale gas in Ohio during the CERA Week energy conference in Houston earlier this week.

During a press conference Wednesday, Kasich said:

In regards to shale, I will be unveiling a program soon that will provide an income tax cut to all Ohioans and particularly small businesses, and it will be paid for by a reasonable approach to our severance taxes in the state of Ohio. We will at the end of the day be very competitive in what we propose but over time make sure all Ohioans and small business are going to be incented so Ohio can be more competitive.

When asked whether he was worried the plan could discourage further investment in the state by oil and gas companies, Kasich responded:

A lot of people feel when they pay zero they want to continue to pay zero. That's not acceptable in this state, and I have told the industry clearly that our plan is fair and it will create long-term stability in the state. Right now, I don't know what oil is trading -- $107? A 20-cent tax on a $107 barrel of oil. 20 cents they pay on a $100 barrel of oil. You've gotta be kidding me. You think that's sustainable, fair or reasonable? It's not, so we're cool about it, but we're going to get this done. I'm going to get this done one way or another, and it will benefit the whole state and everybody will grow, and we'll be happy and we'll have our regs in place and our rules in place and we can have multigenerational growth in the energy industry in this state.

To read more from Kasich during CERA Week click here.

Popular Sponsored Recommendations

The Benefits of Continuous Thermal Monitoring

Oct. 17, 2023
Read this eBook to learn more about collecting and using data intelligently to improve performance.

Powering Up Productivity: The Transformative Power of AP Automation in Manufacturing

Oct. 25, 2023
Discover how AP Automation is revolutionizing the manufacturing industry, driving efficiency, cost savings, and security. In today's world, automation is the key to staying competitive...

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!