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Jane Raybould on Energy & Oil

 

 


Revoke tax breaks for oil & gas companies to pay for roads

Deb Fischer and Jane Raybould agreed on the need to build and maintain highways, roads, bridges, railroads, and more. But the candidates disagreed on appropriate levels of federal funding and on how Congress should boost or replace those funds.

Fischer pointed to her bill to use $21.4 billion from the $46 billion in fees Customs and Border Patrol collects over five years from freight and passengers entering the country. "I don't think increasing the gas tax is sustainable," Fischer said.

Raybould said she would seek to roll back some of the tax breaks oil and drug companies received in the Republican tax cut bill. Revoking breaks for 17 oil & gas companies alone could generate $25 billion, she said. The tax law's corporate & individual income tax breaks for companies and people not paying their fair share should be repealed, she said, and that would stabilize federal funding. "Nebraskans certainly can't afford any further increases in state or local property taxes," Raybould said.

Source: Omaha World-Herald on 2018 Nebraska Senate race , Aug 26, 2018

Other candidates on Energy & Oil: Jane Raybould on other issues:
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Peter Ricketts
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