|
|
Article: Statement of IPAA President Denise Bode on Senate Finance Committee Action on Energy Tax Reform
- Article from:
- U.S. Newswire
- Article date:
- June 16, 1992
CopyrightCopyright 1992 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
|
WASHINGTON, June 16 /U.S. Newswire/ -- Following is the
statement of Denise Bode, president of the Independent Petroleum
Association of America on Senate Finance Committee action on
energy tax reform:
"The action taken today by Chairman Lloyd Bentsen and the Senate
Finance Comm on drilling and depletion gives domestic producers hope
that the unprecedented
"This punitive tax, which severely limits deductions for
drilling costs and depletion, has had unintended consequences, and
has for too long served as a cap on drilling, resulting in an
all-time low in the nation's drilling rig count and domestic
production of its most vital natural resources.
"Without question, today's action is the 'shot ...