Poll: Most Voters Oppose John Kasich’s Energy Tax

Thursday, July 26th, 2012 and is filed under Blog, Taxes

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One of the worst things to tax is oil and gas production.  Energy is the lifeline of our economy.  As such, all taxes on oil exploration, drilling, production, and refining, will have a cascading effect on the rest of the economy, fleecing consumer all the way through the supply chain.

Luckily, Ohio voters are schooled in economics 101.  Ohio Governor has a plan to raise the severance tax on oil and gas production to about 2.7% of the market value of oil or gas.  The proceeds will be used, in part, to reduce income taxes.  While all cuts in income taxes are welcome, they should not be implemented by imposing a pernicious energy tax.  That is the last thing you want to do.

Here’s what Ohio voters think, according to a new survey by Magellan Strategies:

As you may know, Governor Kasich would like to increase the severance tax on oil
and gas production to pay for a state income tax reduction.
T7. Some people say taxes imposed on energy production are ultimately just
passed on to consumers WHILE others say taxes on energy production are paid by
energy companies and not passed on to consumers. Which statement comes closer
to your point of view?
Taxes are passed on to consumers ……………………………… 72%
Taxes are not passed on to consumers ………………………. 17%
Unsure/No opinion ………………………………………………………… 11%

Thankfully, voters understand that corporations don’t pay taxes.  This bait and switch of personal tax cuts for corporate tax increases is a false narrative and is worthy of Democrat demagoguery.  It’s disappointing that Kasich would buy into it.  The voters clearly aren’t buying it, though.

So how should Kasich pay for the income tax cut?

T11. Which of the following options do you think is the most effective way to pay for
a state income tax reduction?
Cutting government spending ……………………………………… 49%
Using the government surplus, if any …………………………. 11%
Increasing taxes on all industries …………………………………… 8%
Increasing taxes on certain industries ………………………….. 7%
Unsure/No opinion ………………………………………………………… 25%

T10. Do you agree or disagree with Governor Kasich’s plan?
Agree ………………………………………………………………………………….. 23%
Disagree …………………………………………………………………………….. 44%
Unsure/No opinion ………………………………………………………… 33%
Strongly agree ………………………………………………………………….. 15%
Somewhat agree ………………………………………………………………… 8%
Strongly disagree …………………………………………………………….. 29%
Somewhat disagree ………………………………………………………… 15%