Issues
The American Gas Association has faced financial issues regarding the taxation of dividends. In 2002, The American Gas Association's main priority was to eliminate double taxation on dividends. AGA analysist Charlie Fritts voiced his opinions about the opposition of double taxation due to the possible effects it can have on gas companies. The United States tax code has also been seen as problematic by the American Gas Association, mostly because it creates an uneven playing field for companies that pay dividends and gas companies that maintain most of their earnings. Fritts had also viewed double taxation as problematic because the gas utility industry is expected to raise approximately $100 billion in capital in the following 20 years after 2002; which can be hampered if profits (dividends) from investments are highly taxed. The main goal was to develop a natural gas infrastructure in the United States. Fritts also stated that "natural gas demand is expected to grow 50 percent between 2003 until 2020; utilities must raise substantial capital to build 255,000 miles of natural gas distribution pipe to meet that demand."
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