Obama FY 2015 budget is a $100 billion tax hike on energy producers

President Obama’s FY 2015 budget includes a $100 billion tax increase on energy companies with the majority of the pain falling on oil and natural gas producers. Obama’s tax increases will make it harder for energy companies to recover their investments, which will make it harder for oil and natural gas companies to redeploy their capital, which will hamstring economic growth and kill jobs.