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Restoration
Objective: Amend Law 117-169 (Tax Credit Funding).
- Funding: Sell Federal Tax Credits to fund program.
- Objective: Restore orphan well sites.
Galveston Bay Orphan Oil & Gas Well Closure Plan
- Funding: Amend Law 117-169 (Tax Credit Funding).
- Problem: 400 orphan wells in the bay or marshes.
- Goal: Fund 100 well closures (plugging) per year.
- Bay location: Galveston, Matagorda, Trinity.
Orphan Oil & Gas Well Closure Plan
- Funding: Amend Law 117-169 (Tax Credit Funding).
- Problem: 10,000 abandoned oil & gas wells.
- Goal: Fund 1,000 well closures (plugging) per year.
Prison Cattle Ranch's
- Amend Law 117-169 (Tax Credit Funding).
- The United States imports 3.5 billion pounds of beef.
- Imported beef: 5.0 million head annually.
- Import value: $ 25.0 billion annually.
- Cattle type: American Wagyu.
- 10,000 head cattle ranch over five years.
- Goal: Use farming operations for job training.
- Goal: Reduce imports via new cattle operations.
How To Fund Our Vision!
Objective: If the pilot program is successful, expand Statewide.
1. Amend Public Law 117-169 (Tax Credit Job Funding).
- Law: Inflation Reduction Act.
- Pilot Funding: $ 70.0 million per year.
- Program Funding: $ 600.0 million per year.
2. Amend WOTC Section 51 (Employer Incentive).
- Law change to increase $ 9,000 to $ 25,000.
- GOAL: Incentivize employers to hire felons.
- Jobs: 25,000 employer incentives per year.
- Annual IRS cost: $ 625.0 million (25K @ $25,000 ea).
- Avoided cost: $ 7.5 billion (25K @ $300,000 each).