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August 19, 2009 02:51 AM UTC

Scott McInnis Says Return to Pro-jobs Economic Climate Would Aid Colorado Budget Picture

  • 6 Comments
  • by: gopstudent

From a statement earlier today:

Ritter Record of Tax and Fee Hikes, Targeting Colorado Industries Have Hurt Economy.

Stressing the need for a return to proactive fiscally conservative practices and pro-jobs economic policies, Scott McInnis, candidate for Governor, today spoke out against further increasing the financial burden on Colorado families through fee increases aimed to fill the state’s $320 million budget gap, and pointed to job loss and the resulting decrease in tax revenue as the major problems facing Colorado.

“The governor is up to his same old tricks, increasing the burden on hard-working Coloradans, while ignoring the impact of policies that are driving jobs – and tax revenue – away from our state,” Scott said.  “In the oil and gas sector alone, Colorado has earned a reputation as the worst state in the nation to do business – falling from its first-place ranking when Bill Owens was leaving office.  The Ritter attack on jobs has real consequences to the state’s bottom line.”  

He stressed that the Governor’s role is to cushion the impact of severely challenging economic times, not continue on the path of spending increases, program expansions, so-called state hiring freezes that resulted in more workers being hired, and tax and fee hikes – combined with frontal attacks on industries, including the expansion of the Fort Carson Army base, that provide family-sustaining jobs.  

The direct effect of the governor’s policies can be measured by looking at the significant loss of tax revenue and jobs.  Overall, tax revenue is down 10.9 percent over the last year, while corporate income tax revenue has decreased by 31.2 percent.  The budget office is predicting up to 85,000 job losses in this fiscal year.  

“The governor proposes backdoor taxes disguised as fees-like the increase on background checks for firearms purchases- speeding up the transfer of inmates from the prison system to the community, and cutting funding to mental hospitals,” Scott said.   “The state needs a pro-jobs governor who will place at least as much focus on boosting the economy, creating jobs and generating tax revenue as finding every possible route to raise taxes and fees on the citizens of Colorado.”  

Comments

6 thoughts on “Scott McInnis Says Return to Pro-jobs Economic Climate Would Aid Colorado Budget Picture

  1. for quoted text.  

    It’s really not that difficult, even for shills.

    Meanwhile, peruse (pdf)… (from February 2009).

    The Piceance Basin currently is one of the most active basins in North America.

    Marathon is applying extensive experience in drilling and completion techniques

    to help realize the full potential of this important resource basin.

    …With net risked recoverable resources estimated to be 900 billion cubic feet, Marathon anticipates participating in the drilling of 150 wells over the next five years. This program has the potential to add net peak production of up to 70 mmcfd of gas by 2018. Marathon’s Piceance drilling and production operations started in 2007.

    The primary reservoir is the Williams Fork Formation of the Mesaverde Group, which is characterized as a massive 3,000 foot thick sequence of stacked over-pressured channel sands in a continuous gas accumulation. The

    target reservoir is encountered at measured depths of 6,500 to 8,500 feet.

    And from last month:

    ExxonMobil: Does Not Foresee Any Delay In Piceance Basin Development (Exxon Mobil)

    HOUSTON -(Dow Jones)- Exxon Mobil Corp. (XOM) is moving ahead with current plans to develop natural gas fields in Colorado’s Piceance Basin, despite the excess of natural gas supply that is currently depressing markets, an executive said Thursday.

    “We don’t foresee, as we look at the business today, any stalling or delay” in Exxon’s Piceance projects, said David Rosenthal in a conference call with reporters.

    So, tell me again what the hell Canadian drilling giant EnCana lobbyist candidate McInnis is talking about.  Yes, use facts (with sources).

    When commodity prices crash, companies quickly dump workers.  When they rebound, they begin drilling.  It’s how they control supply and work to keep consumer prices high.  When you pay less, they drill less.  When you pay more, they drill more.

  2. and would it make any sense on the day the governor announces cutting another $300m from the budget? This is one example of where the boilerplate sounds like petty horseshit when hospital beds just disappeared, state jobs just disappeared, and tens of millions of dollars for higher ed just disappeared.

    I’ve yet to see either Penry or McInnis show that they have the stones to deal with such a situation. Ritter’s dealing with it every day.

    And until Scott McInnis shows he knows how to take Josh Penry down a peg or two, no one is going to give a shit that he is talking smack about Bill Ritter.  

  3. for the effects of the recession, then how come every other state in the country (except North Dakota) is feeling the same effects? Even all the others ranked as better places to do business from an oil and gas perspective?

    The direct effect of the governor’s policies can be measured by looking at the significant loss of tax revenue and jobs.  Overall, tax revenue is down 10.9 percent over the last year, while corporate income tax revenue has decreased by 31.2 percent.  The budget office is predicting up to 85,000 job losses in this fiscal year.

    What’s McInnis going to pin on Ritter next? Receding hairlines and middle age bloat?

  4. would McInnis do to address the 320 million dollar budget shortfall? Open up Rocky Mountain National Park to drilling?

    How about a list of proposals from some of you “fiscal conservatives” to handle our budget problems? So far, the “right” has been long on pissing and moaning and pointing fingers, and WAY short on any meaningful suggestions…and if you say “tax cuts”, you will earn my undying scorn.

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