Monday, January 28, 2008
Who knows? There has been a fair amount of talk over the past week about the Governor calling a special session to deal with the severance tax issue. He speculated a few days ago that if he could get a consensus from lawmakers in favor of raising the current rate, he very well might call us into session. I doubted it then and after seeing reports over the week-end, I am fairly certain it won't be happening soon. My stance on the severance tax is simply that I believe the tax on extracting the gas has always been too low, but I'm having mixed emotions about jumping in and raising the tax now that the Fayetteville shale play is booming. I'd like to see a definitive plan on how much of an increase we're talking about and exactly where the money would go before I make a decision. I would also like some input from my constituents because ultimately, they could have the chance to vote on this very issue come November. I think that is the best solution since any action in the ledge will take a 3/4 majority, and in my opinion, that would be virtually impossible to do.