Dr. Margo Thorning is an internationally recognized expert on tax, environmental, and competitiveness issues and has testified as an expert witness on capital formation and environmental issues before various U.S. congressional committees. Dr. Thorning is senior vice president and chief economist with the American Council for Capital Formation and director of research for its public policy think tank.
Thorning writes for numerous online and in print publications. Below is
an excerpt from a piece she wrote for the National Journal:
question, the U.S. needs to do everything it can to promote domestic
energy, especially oil and gas, to help meet our future population
demands. And don't forget that enhanced energy production means an
enhanced job market. Energy-producing states including Texas, Oklahoma,
Montana, Wyoming, North and South Dakota and Nebraska are seeing
impressive income and job growth gains mostly attributed to the growing
demands for their robust commodities, including oil and gas. Allowing
the Keystone Pipeline would also enhance our energy supply and create
more jobs. We should also allow companies export our robust supplies of
private sector is already making strides in new business models that
accommodate changes in climate and weather patterns through "no regrets"
solutions (or changes that would be undertaken in the normal course of
business). Examples of this might include companies that are developing
more drought-resistant seeds or hardening coastal infrastructure at risk
from sea level rise.
promote more energy production and more "no regrets" business
solutions, we need a tax code that retains robust capital cost recovery.
Tax provisions including accelerated and bonus depreciation, Last In
First Out (LIFO) and Section 199, and provisions utilized by the oil and
gas industry which are all on the table as potential eliminations as a
trade-off for reductions in lowering corporate tax rates should be
we need reductions in regulatory and permitting barriers that are often
factors hindering U.S. companies from making investments to improve or
expand their facilities. For example, in addition to permits to meet
federal regulations there are often additional state and local permit
requirements, which add time and cost to a project getting underway.
Environmental regulations should meet a cost/benefit test--those that
have minimal environmental impact but place a chokehold on businesses
should be eliminated.”
Dr. Thorning’s expertise and recommendations concerning tax and energy
policy is extremely relevant to Alaska’s own energy and development
issues. To learn more from Dr. Thorning in person about how the U.S.
government’s tax and energy policies will be affecting Alaska’s economy,
attend our luncheon on Friday, September 21st, at noon in the Anchorage Hilton Hotel.
you are interested in attending, we strongly suggest that you RSVP to
us by Wednesday October 24th. Admission is $23 for members, $26 for
non-members if paid in advance, and $26 for members, $30 for non-members
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