Oil Spill Protection Act [Lazily Law'd]

[Napoleon]

We should give incentive to companies that improve their environmental record year to year , maybe by offering a lower tax rate for better performance.

[Napoleon]

We should give incentive to companies that improve their environmental record year to year , maybe by offering a lower tax rate for better performance.

I think a specifically lower rate would be a potential administrative nightmare... perhaps a tax credit would be better.

Yeah, this. I'm in favor of lower taxation for all businesses, but I could be persuaded to support tax credits for more "responsible" companies.

This bill raises taxes.


I have an aversion to the phrase "tax credit", rightwing connotations, but it could work for sure.

[Napoleon]

I'd be supportive of an earned corporate tax reduction, but I don't think I would like to see it by too much, since we're already only taxing profits above a level that most people and companies would consider exorbitant anyway. Something like reducing it to 4% or 3.5% would I think be good.

What about reducing the profits tax that goes into the oil fund once it reaches a certain point? Once the Oil Spill Protection Fund reaches two billion, or something, we could cut the tax in half.

I initially forwarded the idea to try and get companies to self-regulate, so that the fund can be used when most needed. Im open to discussing the merits of capping it though.

[Napoleon]

Aye