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Story Archives: Vitter tells Sen. Reid: Put "Big Gold" Mining Tax Credits on Table for Cutting


Vitter tells Sen. Reid: Put "Big Gold" Mining Tax Credits on Table for Cutting
(excerpt)

(Washington, D.C.) – U.S. Sen. David Vitter today sent a letter to U.S. Senate Majority Leader Harry Reid asking him to consider eliminating gold mining industry tax breaks since Reid has proposed eliminating tax breaks for domestic energy producers. Last week Sen. Reid circulated a letter to colleagues that suggested increasing taxes on domestic energy producers would be beneficial to the economy. The premise for his letter was based on domestic energy producers’ increased profits.

“If the linchpin of Sen. Reid’s energy policy is to increase taxes on energy producers simply because they’ve increased their profits, I would suggest he look to broaden his budget scalpel’s range by applying the same tactics in his own state of Nevada and eliminate gold mining industry tax breaks,” Vitter said.




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