The proposed settlement is heralded by some as a major victory, supposedly securing $100 million for the state to use for coastal restoration. In reality, the proposed settlement, if adopted, would yield nowhere near $100 million and divert much of the money it did raise to unrelated government spending. Two key flaws undermine the settlement’s...View Report
Don Briggs comments on the Obama Administration's plan to repeal vital tax incentives for oil and gas industry and raise taxes on those making over $250,000 per year.
A proposal backed by Sen. Mary Landrieu (D-LA) would allow Louisiana and other producing states to keep a 37.5 percent share of oil and gas revenues that would otherwise fall into federal coffers.