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The American Petroleum Institute is asking lawmakers not to raise taxes on the industry or cut its tax deductions as the lame-duck Congress reconvenes in Washington, D.C., to stave off impending fiscal crisis.
The trade organization is bolstering its plea with a round of television and print advertisements targeting Democratic Sens. Kay Hagan of North Carolina, Mark Udall of Colorado, Mark Pryor of Arkansas, Tom Udall of New Mexico, Mark Warner of Virginia, Mary L. Landrieu of Louisiana and Mark Begich of Alaska.
The group is particularly worried that a proposal backed by Senate Democrats to end several industry tax breaks might make its way into a compromise between Republicans and the White House.
“With new taxes, U.S. oil and gas projects are less attractive and foreign projects more attractive,” said Khary Cauthen, senior director of federal relations at API. “Targeting our industry for tax hikes is also based on a mistaken assumption that we don’t pay our fair share of taxes and that we are heavily subsidized.”
Brian Johnson, the organization’s senior tax adviser, said API is already reaching out to leadership in both parties, as well as those of the Senate Finance and the House Ways and Means committees. “Our conversations on the hill are certainly not one-sided,” he said.
John Watson, chairman and CEO of Chevron, will likely make the case when he and almost a dozen corporate executives meet with President Barack Obama at the White House on Wednesday.K Street Moves
Kountoupes Consulting is putting new partner Lori Denham’s name on the door, turning the firm into Kountoupes/Denham.
“She’s a tireless worker and a relentless advocate,” said Lisa Kountoupes, the firm’s founder. “Our clients have come to rely on her extraordinary commitment and the results our firm delivers.”
The bipartisan firm’s clients include Intel, Netflix, Yahoo, Best Buy, Pepco Holdings Inc., Philips Medical Systems, AdvaMed and the American Chemistry Council.
Denham worked on Capitol Hill for almost 14 years as a senior aide to then-Rep. Cal Dooley, D-Calif., and she was a lobbyist for the Retail Industry Leaders Association.
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