Tax Reform on President's Agenda, Sets a Positive Tone on NGVs, E&P

摘要

President Barack Obama made clear in his State of the Union address last week that he wants corporate tax reform as a top agenda item in Congress this year, but such changes could have mixed results for the natural gas supply chain. Oil and gas industry tax deductions worth around $4 billion per year are bound to surface as a possible cut in order to trim the federal deficit and rid the tax code of corporate 'loopholes."