New Poll: Americans Support Energy Production, Oppose Unfair Taxes by a 3-1 Margin
A new survey conducted by Jan R van Lohuizen from Voter/Consumer Outreach, comes at a time when the President and Congress are attempting to pay for environmental and other pet projects on the backs of American oil and gas companies. Two specific changes to the tax code included in the President’s 2011 budget and under discussion on Capitol Hill would have the impact of increasing the cost of energy in the U.S. and could lead to even more job losses in the energy sector. The U.S. currently taxes the global income of its international companies, but provides a credit against domestic tax liability on that income in hopes of keeping American companies from being “double-taxed” on their overseas earnings. Targeting our own energy producers with this double-tax will weaken American energy companies’ ability to compete with foreign energy companies.
The survey also found that Americans overwhelming oppose new regulations on the energy industry and, instead, support efforts to better enforce existing laws (16%-75%).
Download Jan R van Lohuizen’s memo on the survey results.
Read the full results from AEA’s National Survey.
