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How Congress Can Strengthen U.S. Energy Security

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Publication Date: April 1986

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Milton R. Copulos

Topic: Banking and finance (Taxation and tax policy)
Energy (Petroleum industry)

Keywords: Taxes

Type: Report

Abstract:

If Congress recognizes the mistakes of the past; it should take advantage of the tax reform bill to provide the U.S. with a very different energy future. The domestic petroleum industry could retain its flexibility and grow, if the anti-oil bias were eliminated from the tax code and market-hampering regulations repealed. Should this happen, the benefits of inexpensive energy could be maintained for decades.