By:
Stephanie Wang
07/12/11 10:48 AM
President Obama’s proposals to raise taxes on oil and gas industries to reduce the federal government's $1.3 trillion annual deficit will cause a loss of 155,000 jobs, $68 billion in lost wages, and $83.5 million in reduced tax revenues.
So says Louisiana State University economist Joseph Mason who released a study today that examined the effects of Obama’s proposition to eliminate tax deductions on oil and gas companies.
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