The Domestic Energy Producers Alliance is a nationwide collaboration of 22 coalition associations – from California to West Virginia, Texas to Montana – representing about 10,000 individuals and companies engaged in domestic onshore oil and natural gas exploration and production (E&P). We believe in seeking common ground, and in common sense solutions to the challenges that face us in our businesses, including our relationship with the federal legislative and executive branches of government. In only its fifth year, DEPA now represents a majority of the individuals and companies responsible for the current renaissance in American oil and natural gas production.
Congress is basically done for the year, but that doesn’t mean that things aren’t happening on the tax reform front as both parties prepare for the new Congress that convenes in January 2017.
To date, the most important development was the June 24th release of the House Republicans’ white paper on tax reform. The document, described as a “blueprint,” was made public by House Speaker Paul Ryan (R-WI) and House Ways and Means Chairman Kevin Brady (R-TX). Yet to be heard from are House Democrats, and Senate Democrats and Senate Republicans. But this was a significant opening bid in the Legislative process. Certainly the next President also will have a lot to say on this issue.
As we all turn our attention to the 2016 elections, it is worth taking a look at some energy-producing states that may make a big difference in who is elected President, and which party controls the Senate.
Assuming that the Presidential election is close, the Republican nominee Donald Trump, in order to win, may need to carry three energy-producing states that have voted Democratic in recent elections.
While the national media is gripped with fascination at the Republican and Democrat presidential nomination battles, Washington is well into its quadrennial shift to general election schedules and activities. This transition has come early as a result of three factors:
1) A lame duck president;
2) The looming election year Supreme Court nomination fight; and
3) A wide-open nomination process that sees both parties being pulled apart by a torrent of anti-establishment populism.