We are pleased to announce the Ten Things You Should Know About Texas Energy. TEN THINGS YOU SHOULD KNOW ABOUT TEXAS ENERGY
10. Taxes On Energy Are Regressive
Studies have consistently shown that regulations and other policies that increase energy costs act as a regressive tax, consuming the after-tax household incomes of working families at levels usually spent on food, housing, and healthcare. A study conducted in 2011 concluded that 4.4 million Texan households (52 percent of all Texas households) spent more than 20 percent of after-tax income on energy-related expenditures. The same study found that the 700,000 Texas households earning less than $10,000 per year spent over 66% of after-tax income on energy-related expenditures. These trends are similar at the national level, with energy costs increasing from 12% to 20% from 2001 to 2013 for families making less than $50,000 a year. So, when Texas fights EPA to keep electricity and fuel prices down, we are fighting for all Texans. And, when environmentalists and other special interest groups advocate policies that will increase energy prices, they hurt all Texans, but no Texans feel it more dramatically than the poor.
Did you miss last week's Top 10 point? Click here to see it: No. 9 Defending Texas' Fleet Is a Fight Worth Fighting
Balanced Energy for Texas is a statewide coalition of energy consumers, producers, and providers committed to supporting policies that preserve and promote our state's leading role in energy and economic development.
We believe that energy is the backbone of Texas' economy and that economic prosperity is contingent upon the adoption of sensible policies that maximize the use of our state's abundant, diverse and affordable energy portfolio, specifically oil, natural gas and coal. This balanced portfolio, based on free market principles and a sound regulatory framework, is critical to Texas' continued profitability, competitiveness and economic success.
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Learn more about our efforts: www.balancedenergyfortexas.org