Monday, March 19, 2007

Huckabee on a Windfall Profits Tax

It was a slow couple of weeks-- until it seemed every presidential candidate came to New Hampshire this weekend! We had an opportunity to speak again with Governor Huckabee last Wednesday at a well-attended house party. Last time we had spoken, Governor Huckabee was very interested in the It's Your NH Energy resolution, so I followed up with him this time by asking him what he thought about a windfall profits tax.
Gov. Huckabee admitted that he hadn't done a lot of research on the tax, but did say that he knows from a personal standpoint, when a WPT was introduced in the past, it really hurt many very small oil producers in Arkansas. He said if there were such a tax, he could only support its revenue being used for research in alternative energy supplies. I explained to him the position of itsyournh that a tax is a disincentive for the oil companies to invest in new technology and alternatives and that it would negatively impact the economy, and he seemed to find this argument logical.