House leaders are looking over Gov. John Kasich’s budget proposal which includes a big swing of the bat when it comes to a tax increase on oil and gas drilling. But the industry is ready to fight the plan.
Kasich is trying again to raise the so-called severance tax, this time proposing to move it to 6.5 percent, which he says would raise $325 million.
Shawn Bennett with the Ohio Oil and Gas Association says the industry is already hurting because of a drop in prices. He claims a higher tax rate will further discourage investment.