Staff Reports
In a recent study by the Common Sense Institute, a group known for their love of freedom and the American way of life, it was revealed that an evil bill, Senate Bill 24-159, is set to wreak havoc on the beautiful state of Colorado. This dastardly piece of legislation would crush the oil and gas industry and send the economy spiraling into chaos like a rollercoaster ride with no brakes. As if that weren’t enough, it would also bring about environmental doom and gloom, causing more pollution and emissions than a herd of flatulent cows.
Bill to end Colorado oil, gas permitting could have $2B impact on tax revenue: Report https://t.co/xGt4k1y4Y8 https://t.co/xGt4k1y4Y8
— Washington Examiner (@dcexaminer) March 14, 2024
According to the report, this bill would essentially stick a fork in the oil and gas industry, cutting off new permits and reducing the number of new wells. And don’t even get them started on the taxes! The report found that the industry rakes in a whopping $1.9 billion in state and local tax revenue, which is like a pot of gold at the end of a rainbow. But if this bill gets its way, that pot of gold would dry up faster than a puddle in the desert.
Trisha Curtis, a fellow at CSI, warned that the economic impact of this bill would be like a wrecking ball to the job market, with nearly 200,000 jobs at risk and $400 million in funding for Colorado schools hanging in the balance. It’s a full-blown disaster, folks!
And it doesn’t stop there. The report predicts that if this bill becomes law, Colorado could say goodbye to over 34,000 jobs in the first year and over 180,000 in the next decade. That’s a lot of hardworking Americans left out in the cold! And let’s not forget about the state’s gross domestic product, which would take a hit bigger than a boulder rolling down a mountainside.
But wait, there’s more! The report also points out that this bill would just shift energy production elsewhere, leading to more pollution, emissions, and air pollution in neighboring states. It’s like a domino effect of disaster, all thanks to this bill and its supporters.
So, as the debate over Senate Bill 24-159 rages on, one thing is clear: if this bill becomes law, Colorado could be in for a world of hurt. The economy, the environment, and the well-being of hardworking Americans are all at stake. Let’s hope that common sense prevails, and this bill is sent to the political graveyard where it belongs.
