West Virginia – which no one would mistake for a liberal or environmentalist utopia – has a 5% severance tax on fracking.
Tom Corbett keeps saying our Commonwealth is broke, but he also calls Pennsylvania the Saudi Arabia of natural gas, and has only been willing to levy a tiny impact fee on his friends the gas drillers.
How tiny? Steve Esack reports that it will have raised about half as much as West Virginia’s tax in 2013:
The Republicans left about a quarter billion dollars on the table at the same time as they were crying poverty to parents who want the billion dollars in Corbett school cuts restored.
Being Natty Gas Saudi Arabia, we could probably charge a 10% severance tax without seriously depressing drilling activity, and use that money to restore education cuts and expand Medicaid to more low and middle income earners.