Jauch: Oil Fee Should Be Progressive
Sen. Bob Jauch, D-Poplar, whose district includes "little oil" company Murphy Oil, said he will seek modifications when the bill hits the budget oil.
He said Murphy lost money last year due to damage to its equipment for Hurricane Katrina. He said he would try to make the tax "progressive" to minimize the impact on smaller oil companies.
"Murphy Oil should not pay the smae as British Petroleum or Exxon/Mobil," he said.
He also marvelled at Republican legislators citation of a memo from former Dem AG Lautenschlager. "You give a lot more credibility to Peg Lautenschlager as a defeated attorney general than you ever did as an incumbent," he said, and called her opinion on the franchise fee "not worth the paper it's written on."
Labels: Oil_Franchise_Fee, Transportation
