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Oilmen Defend Tax Position in Federal Burden Debate
Oilmen defend the oil industry's tax structure amid calls for reform. A Tax Reform Act added 600 million dollars annually and Sen. Russell Long hints at 1973 reform. Industry advocates argue total tax payments, including indirect and foreign taxes, are higher than simple federal income tax comparisons.
MENTIONED IN THIS ARTICLE
Houston
Russell B. Long
Senate Finance Committee
Long
Petroleum Industry Research Foundation
Price Waterhouse & Co
Foundation
U.S
Swearingen
Frank N. Ikard
The
American Petroleum Institute
Congress
Ikard
Skard
Texas Mid-Continent Oil and Gas Association
Texas