The billion dollar annual revenue projection a severance tax is highly unlikely, particularly, with gas prices being where they are currently. This billion dollar number is just an estimate and not realistic. I continue to be very concerned that any severance tax in PA will harm the natural gas industry. This will result in a loss of jobs. We need more manufacturing, not less.
http://www.observer-reporter.com/article/20150314/NEWS01/150319662#.VQdgAOG494s.twitter Washington County officials express concern in this article about the loss of impact fees if Pennsylvania adopts a severance tax. These impact fees are needed by local government and this program must continue.
The Marcellus Shale Coalition issues a strong statement opposing the proposed severance tax.
It is very important to talk about employment and job losses when there is any discussion about a severance tax in Pennsylvania. We need natural gas jobs and the potential for additional manufacturing from natural gas development in Pennsylvania.