Democratic Frontrunner for Governor Proposes Severance Tax On Shale Gas
Democratic gubernatorial frontrunner U.S. Rep. Allyson Schwartz announced Wednesday that as governor, she would impose a 5 percent severance tax on Marcellus Shale production.
Schwartz told reporters on a conference call that her plan for what she called a “reasonable, fair, moderate tax” would generate $612 million this year and nearly triple to $2 billion in about 10 years. She said she wants to use the money to invest in education and transportation infrastructure.
“Pennsylvanians deserve to share in the shale wealth and we can and we should,” Schwartz said, adding a tax on Marcellus Shale drilling would prevent increases in property and income taxes for residents.
Read more of this report on the website of our partner StateImpact Pennsylvania.