The era of resisting big government is never over. -- Paul Gigot
Navigate

Blog Home

NTU Home Page

Blog FAQs

About "Government Bytes!"

Support NTU

 
Subscribe
Sign up with NTU's Taxpayer Action Center





 
Blog Contributors
Andrew Moylan
Director of Government Affairs

Dan Barrett
Policy Analyst

David Keating
Senior Counselor

Demian Brady
Senior Policy Analyst

Elizabeth Terrell
Guest Blogger

Jeff Dircksen
Director of Congressional Analysis

Jordan Forbes
Federal Government Affairs Manager

Joshua Culling
State Government Affairs Manager

Kristina Rasmussen
Guest Blogger

Kristine Tuinstra
State Policy Analyst

NTU Gov
Government Affairs & Communications Associate

Paul Gessing
Guest Blogger

Pete Sepp
Vice President for Communications

Rachael Slobodien
Communications Manager

Ross Kaminsky
Blogger

Sam Batkins
Guest Blogger

Tom Horne
Policy Associate

Send to a Friend
Email:
Send to Friend
The Official Blog of National Taxpayers Union

The Drilling Stimulus

Posted by Andrew Moylan - December 09, 2008

A new study released by ICF International estimated the economic impact of opening up federal lands (both on- and off-shore) to energy development at $4 TRILLION over the life of the resources. A trillion here, a trillion there (in today's world of trillion dollar bailouts), and pretty soon you're talking real money. It also estimated that an additional 160,000 jobs would be created in the process. Read a good editorial on the study in today's DC Examiner.

This study builds on the idea that I wrote about in an August piece in the Wall Street Journal, entitled "Let's Drill Our Way to Lower Taxes." My focus in that piece was using the benefits of energy exploration as a means of lowering tax burdens. I proposed dealing with the intractable Alternative Minimum Tax, but there are other taxes that could be cut in order to stimulate the economy.

Check out the study, and write your Congressman in support of more domestic energy exploration!

Thoughts?   Add Comment -


There are no comments for this entry yet.