API Chief Gerard: US pro-growth tax reform can support oil and gas industry

In response to the US tax reform bill passed by the Senators on early Saturday, Jack Gerard, President, and CEO of the American Petroleum Institute (API), said that the US Senate approval of the tax reform bill is pro-growth legislation that would help the domestic oil and gas industry, Oilprice.com cites.

Key Quotes:

“Proposals to lower the corporate tax rate and strengthen cost-recovery provisions can allow the oil and natural gas industry to continue investing billions of dollars in the U.S. economy and add to the 10 million U.S. jobs our industry currently supports.”

“Pro-growth tax reform can support forward-looking energy policies to ensure our nation continues its global energy leadership. We encourage the House and Senate to move forward without delay to bring tax reform legislation to the president’s desk and implement a tax system that is smart, fair, and pro-growth for American consumers, businesses, and the economy.”