Wolf unveils natural gas severance tax proposal
Gov. Tom Wolf says he'll push for higher taxes on Pennsylvania's natural gas industry that are identical to West Virginia's to help boost aid to public schools.
Gov. Tom Wolf says he'll push for higher taxes on Pennsylvania's natural gas industry that are identical to West Virginia's to help boost aid to public schools.
Wolf, a Democrat, appeared Wednesday at Caln Elementary School in Thorndale, about 30 miles west of Philadelphia, as he kicked off a statewide "Schools that Teach Tour."
Wolf wants a 5 percent severance tax on the value of the gas, plus 4.7 cents per thousand cubic feet assessed on Marcellus Shale natural gas production to produce $1 billion a year and help wipe out cuts in public school aid under his predecessor, Republican Tom Corbett.
Wolf says the $1 billion would include a per-well fee approved under Corbett that sends money to local governments in drilling regions.
The industry opposes a tax increase.
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