The Energy Tax Bill, in Honor of Tax Week
National Taxpayers Union
Last week, millions of Americans across the country completed a time-honored, if bedeviled, tradition: submitting their taxes. Among those millions of taxpayers? The nation’s largest energy companies.
Energy companies pay an average tax rate of 41% – 15% higher than the average rate paid by other S&P Industrial Average companies. Three of the nation’s top 10 taxpayers in the country are energy companies. The total tax bill was some $95 billion in 2011 alone. And while paying those taxes, these same companies employed 9.2 million workers and invested $36.3 billion in the United States alone.
And yet, President Obama and his allies in Congress are attempting to enact yet higher taxes on these American job-creators. With one of the nation’s heaviest tax burdens already, doesn’t the energy industry enjoy a fair shake too? Learn the facts. It’s time to Stop The Tax Attack.