Posted in the Greenwood Village Forum
#1 Dec 12, 2013
I read that Congress is again preparing to tinker with the nation's tax code. That means taxes could increase for some, if not all businesses, and the impact would likely be hard on our economy.
Any talk of tax reform includes the closing of so-called loopholes, which are, in fact, legitimate deductions that ensure American energy companies can attract investment and compete globally. In Colorado, where oil and natural gas development is an increasingly larger part of our economy, that could zap investment and slow revenue-generating energy operations.
I'm not opposed to making our tax system simpler and fairer so lets not single out energy companies for higher taxes when they infuse millions of their own profits into new projects, expanded operations and more jobs. Tax reform that punishes growth and job creation is not my kind of reform.
#2 Jan 20, 2014
Our new Federal Reserve Chairwoman Janet Yellen predicted this month that the U.S. economy would grow at a rate of about 3 percent this year, which would be its best growth since 2008.
In fact, the economic boom we are enjoying is largely an energy boom, and it is being felt across the United States as companies use new methods for extracting oil and natural gas. We have seen the results in Colorado --$29 billion added to the economy, a double-digit jump in energy production last year alone, and thousands of jobs. Nationally the energy boom has created scores of thousands of jobs and cut oil and gas prices.
Domestic energy production is literally fueling an economic revival. Anything we do to hurt that boom will hurt the revival in turn. Lets stay on track!
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