Tuesday, January 2, 2018
(January 2, 2018) — American Petroleum Institute (API) president and CEO Jack Gerard welcomed President Trump’s signature on H.R. 1 Dec. 22, 2017 which he said delivered pro-growth, pro-development economic reforms to the U.S. tax code for the first time since 1986.
“Today, with the stroke of a pen, the U.S. has finally adopted a modern tax code that will unleash economic growth in our nation, creating jobs and spurring investment,” Gerard said. “With smart policies in place like a pro-growth tax code, the natural gas and oil industry can continue building on the millions of jobs we support and billions we invest into the U.S. economy each year. These reforms will also advance investments in new technology and innovation to protect the environment and help provide affordable energy for American consumers, manufacturers, families, and small businesses.”
He also heralded the Trump administration’s opening of access to the non-wilderness Alaska 1002 Area for exploration and development as a positive step for spurring economic growth. “The natural gas and oil industry has the technology and expertise, along with decades of experience, to safely explore energy resources in the Arctic while protecting the surrounding environment. Responsible access to the 1002 Area is also in our national security interest, with other nations like Russia, Canada, and Norway already actively exploring the Arctic region.”
Gerard added that it has been more than 30 years since the U.S. has reformed its tax code, characterizing President Trump and his administration as having delivered a modern tax policy that will remove barriers to economic development and ensure the U.S. is competitive around the globe. “We commend the administration’s actions to strengthen our nation’s energy security this past year by implementing a pro-growth tax code, streamlining regulations, and promoting a robust energy infrastructure system. We look forward to building on this progress in the new year and continuing our work to provide safe, reliable access to affordable energy.”
(SOURCE: The Weekly Propane Newsletter, January 2, 2018)
“Today, with the stroke of a pen, the U.S. has finally adopted a modern tax code that will unleash economic growth in our nation, creating jobs and spurring investment,” Gerard said. “With smart policies in place like a pro-growth tax code, the natural gas and oil industry can continue building on the millions of jobs we support and billions we invest into the U.S. economy each year. These reforms will also advance investments in new technology and innovation to protect the environment and help provide affordable energy for American consumers, manufacturers, families, and small businesses.”
He also heralded the Trump administration’s opening of access to the non-wilderness Alaska 1002 Area for exploration and development as a positive step for spurring economic growth. “The natural gas and oil industry has the technology and expertise, along with decades of experience, to safely explore energy resources in the Arctic while protecting the surrounding environment. Responsible access to the 1002 Area is also in our national security interest, with other nations like Russia, Canada, and Norway already actively exploring the Arctic region.”
Gerard added that it has been more than 30 years since the U.S. has reformed its tax code, characterizing President Trump and his administration as having delivered a modern tax policy that will remove barriers to economic development and ensure the U.S. is competitive around the globe. “We commend the administration’s actions to strengthen our nation’s energy security this past year by implementing a pro-growth tax code, streamlining regulations, and promoting a robust energy infrastructure system. We look forward to building on this progress in the new year and continuing our work to provide safe, reliable access to affordable energy.”
(SOURCE: The Weekly Propane Newsletter, January 2, 2018)
