Sardar Law Firm

The Laws of Energy: Protecting Your Business

In Social Media, Technology Issues and the Law on June 2010 at 1:04 am
With the BP Oil Spill all over social media, we thought this was relevent:

President Obama’s Stimulus Bill (American Recovery and Reinvestment Act of 2009, Pub. L. No. 111-5) provides several revenue-raising proposals, including new or increased taxes targeted at the oil and gas sector, as well as energy related spending proposals. While the administration justifies these proposals on the grounds of climate change, many of the proposals appear to be at cross purposes with the goal of U.S. energy independence. This piece briefly describes these controversial taxing proposals and touches on some energy spending proposals. Congress passed a 2010 Budget Resolution on April 29, 2009 (Senate Concurrent Resolution 13). The administration issued its “Greenbook” of Budget tax proposals (entitled “General Explanations of the Administration’s Fiscal year 2010 Revenue Proposals”) on May 11, 2009. The Greenbook offers further details on the energy revenue-raising proposals, and adds one new revenue-raising proposal in the energy area.

President Obama’s Stimulus Bill (AmericanRecovery and Reinvestment Act of 2009, Pub. L.No. 111-5) provides several revenue-raisingproposals, including new or increased taxestargeted at the oil and gas sector, as well as energy related spending proposals.While the administration justifies these proposalson the grounds of climate change, many of theproposals appear to be at cross purposes with thegoal of U.S. energy independence. This pamphletbriefly describes these controversial taxingproposals and touches on some energy spendingproposals. Congress passed a 2010 BudgetResolution on April 29, 2009 (Senate ConcurrentResolution 13). The administration issued its“Greenbook” of Budget tax proposals (entitled“General Explanations of the Administration’sFiscal year 2010 Revenue Proposals”) on May 11,2009. The Greenbook offers further details on theenergy revenue-raising proposals, and adds onenew revenue-raising proposal in the energy area.

Full article on “The Laws of Energy: Protecting Your Business” is here.

by: Sheheryar Sardar, Esq., Sardar Law Firm LLC

For more information on social media law, contact: Sardar Law Firm atsardar@sardarlawfirm.com.

Follow Sardar Law Firm on Twitter:http://twitter.com/sardarlawfirm

Follow Social Media Legalat:http://twitter.com/socialmedia_lawc

Advertisements