LSU professor to give dire prediction on oil-drilling ban

Mason is LSU’s Chair of Banking at the E.J. Ourso College of Business and author of a recent study that found the drilling ban in six months will cost 12,000 domestic jobs and reduce economic activity by $2.8 billion, forcing states in the Gulf region to forfeit $98 million in revenue and the federal government to give up $220 million in tax receipts. 

Mason plans to update his study at the hearing and warn against tax policies currently being considered that he believes will worsen an already-rocky economic outlook.  

In announcing the hearing, Small Business Committee Chairman Mary LandrieuMary Loretta LandrieuCongress needs to work to combat the poverty, abuse and neglect issues that children face Dems wrestle over how to vote on ‘Green New Deal’ Lobbying world MORE (D-La.) said the event will look at the effects of the drilling moratorium on small-business industries along the Gulf Coast.