Ohio Senate Opposes Proposed Tax Hike on Oil and Gas Industries

This week, the Ohio Senate passed Senate Resolution 176 to urge Congress to protect the natural gas and oil industries from disproportionate tax increases or other punitive measures. Specifically, the measure takes aim at proposals in congressional Democrats’ massive $3.5 trillion budget reconciliation plan. The oil and gas industry in Ohio contributed more than $58.7 billion to Ohio’s economy in 2019, while employing more than 375,000 Ohioans.

The OMA recently teamed with allies from Ohio’s business community to convey to Ohio’s congressional delegation concerns regarding proposed tax hikes on U.S. oil and gas producers. 9/15/2021