/PRNewswire/ -- A new survey released today by the American Energy Alliance (AEA) found that 77 percent of registered voters oppose efforts in Congress to tax American companies twice on income earned abroad. The poll also found that 3 out of 4 Americans agree that our energy companies should be allowed to continue offshore exploration for energy and, separately, that we should increase U.S. oil production.
"These results may not be what the leaders on Capitol Hill want to hear, but it is no surprise that even with the tragic events unfolding in the Gulf, Americans recognize the realities of our nation's economy, the abundance of energy still available here in the U.S., and the overall exemplary safety record of our nation's drillers," AEA president Thomas Pyle said.
"AEA recently commissioned a study that showed 12,000 jobs would be lost and $2.8 billion in economic activity with it, because of the Administration's six-month moratorium in the Gulf. This unpopular and unnecessary ban is costing more jobs every day and will cost every American in terms of higher energy prices and increased reliance on energy from unstable foreign regimes. Again, we urge the Administration to listen to the American people and reopen the Gulf to responsible energy development."
The 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.
Additionally, policymakers are looking to repeal Section 199 tax provisions which gives all businesses that manufacture goods within the U.S. an incentive to grow their U.S. operations and hire more U.S. workers. Some in Washington are attempting to repeal these provisions just on the oil industry, essentially discriminating against energy jobs. Today, the energy industry employs some 9 million workers. However, many of these jobs could be in jeopardy if the Administration and Congress continue the drilling moratorium and impose new and onerous taxes on these companies.
The survey also found that Americans overwhelmingly oppose new regulations on the energy industry and, instead, support efforts to better enforce existing laws (16%-75%).
The poll was commissioned by Save U.S. Energy Jobs, a project of the American Energy Alliance - a free market energy advocacy organization. To learn more and get exclusive information on upcoming projects, follow Save U.S. Energy Jobs on Twitter and Facebook.
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Showing posts with label sales tax. Show all posts
Showing posts with label sales tax. Show all posts
Friday, July 30, 2010
Thursday, October 1, 2009
Georgia Power Encourages Consumers To Take Advantage of Energy-Efficient Programs That Begin Today
/PRNewswire/ -- Thursday, Oct. 1, through Sunday, Oct. 4, has been designated as Energy-Efficient Product Sales Tax Holiday in Georgia.
During this time, all Georgia consumers who purchase selected ENERGY STAR® -qualified or WaterSense® labeled products and other designated energy-efficient items will pay no state or local sales and use tax. The offer is good on purchases of $1,500 or less per product on items for personal or home use only.
Qualified appliances include dishwashers, clothes washers, refrigerators, air conditioners, dehumidifiers, programmable thermostats, ceiling fans, windows and doors, compact fluorescent light bulbs and other eligible products. To find out which products qualify, visit https://etax.dor.ga.gov/salestax/holiday/2009/index.aspx.
Consumers who buy energy-efficient ENERGY STAR-qualified products will receive the immediate tax savings, but more importantly, they will begin saving additional money and energy each time they use their ENERGY STAR product. These products use up to 50 percent less energy than those without the ENERGY STAR label, meaning Georgia residents will save money and energy, while helping protect our environment.
This is the fifth consecutive year the Georgia General Assembly has specifically made ENERGY STAR-qualified appliances and products eligible for a sales tax exemption.
ENERGY STAR is the U.S. government's nationally recognized program committed to helping individuals save money and energy while benefiting the environment through superior energy efficiency. ENERGY STAR products meet strict energy efficiency guidelines set by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. These products use advanced technologies that result in 10 to 50 percent less energy use than non-qualified products.
The Georgia Environmental Protection Department estimates state residents can reduce their energy use and save up to 30 percent, or $600 annually, on their utility bills by looking to ENERGY STAR products.
Consumers are also encouraged to take the "Change the World, Start with ENERGY STAR" pledge. Taking the pledge is as simple as changing a light bulb, setting a programmable thermostat, making sure your home is well insulated or other energy efficient lifestyle changes. Changing a standard light bulb to an ENERGY STAR-qualified CFL saves more than $30 over the life of the bulb.
Customers are invited to take the pledge online at www.georgiapower.com or look for the pledge card in their October bills.
Recycling just got easier!
Georgia Power has partnered with The Home Depot to offer recycling for compact fluorescent light bulbs at the retailer's stores in Georgia.
Georgia Power sponsors in-store bins at all 88 Home Depots in the state. This creates the state's most widespread recycling program for CFLs and brings relatively convenient recycling within reach of most households.
Georgia Power encourages its customers to practice energy efficiency year-round. For more information on the Georgia sales-tax-free weekend or for money-saving energy efficiency tips visit www.georgiapower.com. For additional information about ENERGY STAR visit www.energystar.gov.
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During this time, all Georgia consumers who purchase selected ENERGY STAR® -qualified or WaterSense® labeled products and other designated energy-efficient items will pay no state or local sales and use tax. The offer is good on purchases of $1,500 or less per product on items for personal or home use only.
Qualified appliances include dishwashers, clothes washers, refrigerators, air conditioners, dehumidifiers, programmable thermostats, ceiling fans, windows and doors, compact fluorescent light bulbs and other eligible products. To find out which products qualify, visit https://etax.dor.ga.gov/salestax/holiday/2009/index.aspx.
Consumers who buy energy-efficient ENERGY STAR-qualified products will receive the immediate tax savings, but more importantly, they will begin saving additional money and energy each time they use their ENERGY STAR product. These products use up to 50 percent less energy than those without the ENERGY STAR label, meaning Georgia residents will save money and energy, while helping protect our environment.
This is the fifth consecutive year the Georgia General Assembly has specifically made ENERGY STAR-qualified appliances and products eligible for a sales tax exemption.
ENERGY STAR is the U.S. government's nationally recognized program committed to helping individuals save money and energy while benefiting the environment through superior energy efficiency. ENERGY STAR products meet strict energy efficiency guidelines set by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. These products use advanced technologies that result in 10 to 50 percent less energy use than non-qualified products.
The Georgia Environmental Protection Department estimates state residents can reduce their energy use and save up to 30 percent, or $600 annually, on their utility bills by looking to ENERGY STAR products.
Consumers are also encouraged to take the "Change the World, Start with ENERGY STAR" pledge. Taking the pledge is as simple as changing a light bulb, setting a programmable thermostat, making sure your home is well insulated or other energy efficient lifestyle changes. Changing a standard light bulb to an ENERGY STAR-qualified CFL saves more than $30 over the life of the bulb.
Customers are invited to take the pledge online at www.georgiapower.com or look for the pledge card in their October bills.
Recycling just got easier!
Georgia Power has partnered with The Home Depot to offer recycling for compact fluorescent light bulbs at the retailer's stores in Georgia.
Georgia Power sponsors in-store bins at all 88 Home Depots in the state. This creates the state's most widespread recycling program for CFLs and brings relatively convenient recycling within reach of most households.
Georgia Power encourages its customers to practice energy efficiency year-round. For more information on the Georgia sales-tax-free weekend or for money-saving energy efficiency tips visit www.georgiapower.com. For additional information about ENERGY STAR visit www.energystar.gov.
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