News

Wolf urges Corbett, lawmakers, to OK drilling tax

Written by The Associated Press | Jun 3, 2014 9:16 AM
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(Harrisburg) -- Democratic gubernatorial nominee Tom Wolf may not hold a state office yet, but he's pressing legislators in both parties and Governor Corbett to approve a new tax on natural gas extraction.

Wolf's campaign says he's sending letters to Corbett and state House and Senate members, urging them to pass a 5 percent severance tax.

Wolf says Pennsylvania's status as the only major gas-producing state without a severance tax is unacceptable.

Corbett opposes such a tax on grounds that it would hinder job creation efforts, but many legislators in both parties have expressed support for the idea.

Proponents say the tax would generate about $700 million in the first year that could be used to increase education funding and help close a potential $1 .2 billion budget gap.

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