U.S. Senator Mary L. Landrieu, D-La., Chair of the Senate Energy and Natural Resources Committee, today released the following statement on Rep. David Camp's, R-Mich., tax reform proposal.
"Simplifying and streamlining our tax code is laudable and important for many reasons, including job creation, continued economic growth and maintaining U.S. competitiveness in global markets. Right now, we are in the midst of an energy revolution that has the potential to create thousands of high-paying jobs, generate wealth and expand the middle class," Chair Landrieu said. "Eliminating long-standing and important tax provisions that thousands of independent oil and gas producers and service companies utilize to raise capital and conduct robust operations will slow our economy's accelerating momentum. While a lot of thought and effort went into Rep. Camp's proposal, I have serious concerns that repealing these energy tax provisions that have been--and continue to be--so important is counter productive for job creation and America's energy security."