NDPC Applauds President Trump’s Plan for Tax Reform
Bismarck, N.D. – North Dakota Petroleum Council (NDPC) President Ron Ness today issued the following statement in response to President Trump’s speech on tax reform:
“The NDPC and its members support and welcome the President’s commitment to pro-growth tax reform, an effort that is long overdue. For more than three decades, businesses and hard-working Americans have bene overburdened by a complicated and bloated tax system that seems to punish rather than encourage success and reinvestment in our country. Today, we are excited that our government is taking steps toward comprehensive reform that will bring jobs and wealth back to the American economy.
“There is perhaps no better example of what a pro-growth tax plan can do for our economy than right here in North Dakota. Certainly, our state has been blessed with rich natural resources, but being able to harness those resources is what has set us apart from other energy-rich states. For the past decade, North Dakota has been a step ahead thanks to its efforts to enact an all-of-the-above energy policy, create a pro-growth business climate and encourage investments in the technologies that have since unlocked our energy resources. This has forever changed the way we develop our energy and helped reverse our dependence on foreign oil.
“Today we stand on the verge of energy independence and domestic energy production has neutralized OPEC’s control on our energy markets. Yet, to continue our progress, we must ensure that our country can continue to compete.
“The President’s administration has made tremendous strides in helping alleviate many of the duplicative and burdensome regulations that have been obstructing continued investment by the industry. President Trump’s commitment today to reform our tax code will boost our ability to further invest in our domestic resources, make both the U.S. and North Dakota more competitive, and benefit the more than 72,000 North Dakota workers whose jobs are supported by the industry, all while keeping energy affordable for all Americans.
“As this plan unfolds, we look forward to lending our guidance and support for a more simplified tax structure that will encourage job and business growth and put more money back in the pockets of hard-working families.”