Why are we giving oil companies subsidies?

[Mad_Cabbie]

If the rational is that it was their money to begin with and they deserve it why doesn't every other company "deserve" some of their money returned in the form of subsidies?

Better yet why don't we just simplify the tax code so the government doesn't have control over who it deems a winner or loser.

Corporate welfare needs to stop across the board.

I'm sorry but why are you so mis-informed....

This thread is NOT about healthcare, I understand you don't want to talk about anything else, but please make a concerted effort, thanks.



Child tax credit is a CORPORATE subsidy? Oy! Fail....

 

[Redfish]

If the rational is that it was their money to begin with and they deserve it why doesn't every other company "deserve" some of their money returned in the form of subsidies?

Better yet why don't we just simplify the tax code so the government doesn't have control over who it deems a winner or loser.

Corporate welfare needs to stop across the board.

I'm sorry but why are you so mis-informed?? Tell me where there are "corporate subsidies" here because a "subsidy is defined as:
A) Definition of " subsidy":money that is paid usually by a government to keep the price of a product or service low or to help a business or organization to continue to function"
Subsidy - Definition and More from the Free Merriam-Webster Dictionary
Do you know of any oil company "payment made by a government"???
B) Simplify "tax code"... FINE let's do away WITH ALL the deductions that individuals AND companies take that are as follows.. PLEASE TAKE some time and look at
each of these to see exactly WHO benefits OK???


The Top 20 Tax Expenditures - Business Insider

1. $171 billion in 2012 was deducted from taxes for... health insurance for EMPLOYEES!!
   HEALTH Insurance payments for EMPLOYEES DEDUCTION.. Individuals NOT the "RICH"
   Do you understand that the number one "subsidy" as you call it is the allowance to deduct from taxes the payments made for employees health insurance???
   Let's do away with that and see what the 150 million insured by their employers will do!
   
   
2. $138 billion for employees pensions! (Again ... for the employees... NOT THE RICH!! Again the employers deduct this from their taxes due.. just like you take your mortgage interest...oh yea..see the next deduction (subsidy) you want elimination!
   
   
3. $87 billion employees mortgage interest deductions (AGAIN dumb f...K do you deduct your mortgage interest? Then you are one of those "RICH"??? This is everyone in America that pays a mortgage will no longer be able to deduct from their taxes if YOU do away with all "subsidies"!!!
   
   
4. $24 billion for child care credit (AGAIN another "RICH tax loophole???) This is everyone in America that pays babysitters , etc., no longer be able to deduct from their taxes if YOU do away with all "subsidies"!!!
   
   
5. $33 billion charitable contributions YUP I would say like Obama did these are RICH people deductions right!!! And of course THESE subsidies help in contribution to helping people!
   
   
6. $27 billion deductions of health care items (guess what... again NOT the rich people... HCA people!) And again... the average american deducts $27 billion in health care expenses... NOT evil wealthy or corporations!
   
   
7. $14 billion Deduction for domestic Production activities (AH... this is the tax deduction ALL companies not just oil companies take for depletion of their raw assets!
   
   
8. $11 billion Various energy and natural resources credits/deductions.. AGAIN those evil companies that get credits for CO2,etc.. global warming credits!!!)

So Tell me where in any of the attached list and above there are "subsidies"???

View attachment 30769

Liberals are ignorant, they do not understand the meaning of the word "subsidies".

But it makes a good talking point, so the repeat the lie over and over and over.

 

[deltex1]

Way to go Dick.....


Why Halliburton (HAL) Stock Is Up Today - TheStreet

 

[martybegan]

We're not.

The truth is that the oil and gas industry receives the same kinds of tax treatments that every other manufacturing or extractive industry receives in the federal tax code. There is nothing uncommon or out of the mainstream of tax treatments about any of the provisions that have been repeatedly proposed for repeal.

Oil & Gas Tax Provisions Are Not Subsidies For "Big Oil" - Forbes

ANY tax provision IS a subsidy.

Only if you assume that the government owns your money, and anything you can deduct is generously given to you by them.

Moron.

 

[Mad_Cabbie]

Guys, a tax credit is NOT what we are talking about.

We are talking about CORPORATE subsidies, pertaining specifically to OIL companies.

A tax credit (as long as it is not for MORE than what I have already paid in taxes) is MY money.

An oil subsidy is also, MY money.

Get it?

The third quarter of 2013 brought more multi-billion dollar profits for the oil and gas industry. So far this year, just six of the largest oil companies recorded more than $82 billion in profits—making it still one of the most lucrative industries in the world. The industry as a whole spends on average $300,000 per day lobbying Congress and employs more than 700 lobbyists, more than one per member of Congress. Not surprisingly, U.S. taxpayers continue to subsidize the oil industry despite their billion-dollar profits.

Profits and Investment Healthy

The oil industry continues to post healthy profits. ExxonMobil reported $7.9 billion in profits during the last quarter, equal to an average of $87 million in profit per day. Chevron and BP both reported close to $5 billion in profits, and Shell earned $4.7 billion. Total S.A. reported $3.7 billion during the third quarter, and ConocoPhillips reported $2.5 billion. So far this year, these six companies have earned more than $82 billion in profits. For a breakdown of the companies’ profits by quarter, see Table 1.

Big Oil is investing record levels in exploration and development. So-called “mega-projects" have begun in regions like the Arctic previously thought to be “too remote or risky.” Shell expects to spend $45 billion on exploration in 2013, which will mark its “peak investment” year. ExxonMobil has spent $33 billion on exploration in the first nine months of the year. And BP, with nearly $12 billion in profits this year, plans to complete 18 new wells in November.

Federal Subsidies Continue

From preferential treatment in the tax code to insurance liability caps, the oil industry still enjoys significant taxpayer subsidies. Our Green Scissors 2012 report identifies more than a dozen subsidies for oil and gas companies. Repealing the percentage depletion deduction, which allows independent producers a flat deduction of gross income from each well, would save the federal government $5.3 billion from 2012-2017. Repealing the last-in, first-out method of inventory for oil, natural gas, and coal companies would generate $18.3 billion in revenue for the federal government for the same period. If Congress repealed the deduction for intangible drilling and development costs in the case of oil and natural gas wells it would produce $8.4 billion in added revenue.

Oil Industry Spends More than $300,000 per Day on Lobbying

The oil and gas industry spent $141 million lobbying in 2012. So far in 2013, the industry has spent $105.2 million according to the Center for Responsive Politics on lobbying....

http://www.taxpayer.net/library/art...s-while-taxpayer-subsidies-continue-2013-thir

 

[Mad_Cabbie]

Oil & Gas Subsidies: Myth vs. Fact

MYTH: Eliminating subsidies to the oil and gas industry will raise gas prices.

FACT: Variations in gas prices are driven by the world market, and are not dependent on U.S. government policies. This includes the existing subsidies for the oil and gas industry according to multiple studies that have found that repealing oil and gas subsidies would have only a marginal impact on gas prices. Assistant Secretary of the Treasury Alan Krueger estimated in 2009 that “eliminating [oil and gas subsidies] would have an insignificant effect on world oil prices.”1 Analysis by the think tank Resources for the Future arrived at a similar conclusion, finding that eliminating oil and gas tax preferences would increase the world oil price by just 10 cents per barrel in 2030.2 This minimal increase in cost would translate to an extra expenditure of $2.17 per year on petroleum products for the average U.S. consumer.3 At the same time, the U.S. government – by eliminating unnecessary subsidies for oil and gas - would be saving on the order of $10 billion per year4 that could be invested in other national priorities like defense, transportation, or alternative energy. A Congressional Research Service report corroborates these findings.5 Gilbert Metcalf, Deputy Assistant Secretary for Environment and Energy at the U.S. Department of Treasury, also has said that removing U.S. tax subsidies for oil and companies will have an “imperceptible” effect on world oil supply.6

The reason why eliminating subsidies would not raise gas prices is simple – the U.S. produces only a small portion of world oil, so any change in U.S. oil production would have an insignificant effect on the world oil market, which drives oil prices and therefore gasoline prices.

MYTH: Eliminating subsidies to the oil and gas industry will hamstring domestic oil production.

FACT: As explained above, eliminating subsidies will have little effect on the world supply and price of oil. Consequently, consumer demand for petroleum products, like gasoline, would not change. On the supply side, removing oil and gas subsidies is estimated to increase costs of finding and producing oil by less than 2 percent.7

MYTH: The government takes in $86 million from oil and gas every day – far more than from any other business.

FACT: That is how taxes work – the more you make, the more you pay in taxes. According to data from the Energy Information Administration, between 2005 and 2009, the five most recent years for which data are available, major oil and gas companies made over half a trillion dollars in profit.8 The Big Five alone – BP, ConocoPhillips, Chevron, Exxon Mobil, and Shell – made $78 billion and $137 billion in profits in 2010 and 2011, respectively.9

Furthermore, how much the oil and gas companies pay in taxes in no way justifies the continued existence of unnecessary subsidies. Actually, the very fact that companies pay so much in taxes shows just how profitable the industry is and, consequently, how little it needs subsidies. And, as discussed below, actual domestic income tax rates paid by U.S. oil and gas corporations are far lower than commonly stated.

MYTH: Oil companies pay a 43% income tax rate.

FACT: The defenders of oil and gas subsidies like to claim that oil and gas companies already pay far more than their fair share of taxes. As in all things, but especially when discussing taxes and tax rates, the devil is in the details. The standard federal corporate income tax rate is 35%, and oil and gas companies tend to pay much less than that, not more. Those that cite numbers like 43% are including taxes that these companies pay to other countries. Not only are they not paying these taxes to the U.S. government, they are also deducting these taxes via tax credits which lowers the taxes they do pay to the government. The majority of income taxes paid by oil and gas companies go overseas, so, once you subtract that amount, and the amount they‟ve deducted, their domestic federal income tax rate is far less than even the standard 35% federal corporate income tax rate.10 According to data from the U.S. Energy Information Administration, major oil and gas corporations11 paid an average federal income tax rate of 25% between 2007 and 2009,12 the most recent year for which data for the whole sector is available.

Looking at individual companies makes this case even more clear. In 2010 Exxon Mobil paid a domestic federal income tax rate of just 17%, based on their U.S. pre-tax income of $7.5 billion.13 Literally half the standard corporate tax rate. Worse yet, in 2009, Exxon Mobil paid no U.S. federal income taxes.14,15 That‟s right, 0%. This is because they took advantage of the federal subsidy that allows them to take foreign tax credits on royalties disguised as income taxes.16 These royalties are not taxes but are in exchange for the right to produce oil. And they paid so much in royalties to foreign governments that year that the U.S. government was left with nothing, far less than the 43% they imply they pay in taxes. Over the years 2008 to 2010, Exxon Mobil‟s domestic federal income tax rate averaged just 14.2%.17 Other large oil companies paid similarly-low domestic federal income tax rates over that period. Chevron‟s rate was 24.8%, ConocoPhillips‟s was 26.9%, Apache‟s was 0.6%, and Marathon Oil‟s was 15.8%.18 None were anywhere near 43% or even close to the standard rate of 35%.....

Oil & Gas Subsidies: Myth vs. Fact

 

[martybegan]

Guys, a tax credit is NOT what we are talking about.

We are talking about CORPORATE subsidies, pertaining specifically to OIL companies.

A tax credit (as long as it is not for MORE than what I have already paid in taxes) is MY money.

An oil subsidy is also, MY money.

Get it?

The third quarter of 2013 brought more multi-billion dollar profits for the oil and gas industry. So far this year, just six of the largest oil companies recorded more than $82 billion in profits—making it still one of the most lucrative industries in the world. The industry as a whole spends on average $300,000 per day lobbying Congress and employs more than 700 lobbyists, more than one per member of Congress. Not surprisingly, U.S. taxpayers continue to subsidize the oil industry despite their billion-dollar profits.

Profits and Investment Healthy

The oil industry continues to post healthy profits. ExxonMobil reported $7.9 billion in profits during the last quarter, equal to an average of $87 million in profit per day. Chevron and BP both reported close to $5 billion in profits, and Shell earned $4.7 billion. Total S.A. reported $3.7 billion during the third quarter, and ConocoPhillips reported $2.5 billion. So far this year, these six companies have earned more than $82 billion in profits. For a breakdown of the companies’ profits by quarter, see Table 1.

Big Oil is investing record levels in exploration and development. So-called “mega-projects" have begun in regions like the Arctic previously thought to be “too remote or risky.” Shell expects to spend $45 billion on exploration in 2013, which will mark its “peak investment” year. ExxonMobil has spent $33 billion on exploration in the first nine months of the year. And BP, with nearly $12 billion in profits this year, plans to complete 18 new wells in November.

Federal Subsidies Continue

From preferential treatment in the tax code to insurance liability caps, the oil industry still enjoys significant taxpayer subsidies. Our Green Scissors 2012 report identifies more than a dozen subsidies for oil and gas companies. Repealing the percentage depletion deduction, which allows independent producers a flat deduction of gross income from each well, would save the federal government $5.3 billion from 2012-2017. Repealing the last-in, first-out method of inventory for oil, natural gas, and coal companies would generate $18.3 billion in revenue for the federal government for the same period. If Congress repealed the deduction for intangible drilling and development costs in the case of oil and natural gas wells it would produce $8.4 billion in added revenue.

Oil Industry Spends More than $300,000 per Day on Lobbying

The oil and gas industry spent $141 million lobbying in 2012. So far in 2013, the industry has spent $105.2 million according to the Center for Responsive Politics on lobbying....

Oil and Gas Third Quarter Profits | Taxpayers for Common Sense

So your money is your money, and their money, is your money, and my money is probably your money.

Greedy fuck.

Of course you do leave out the profit percentages. Of course these companies have large profits by value, their revenues and expenses are equally vast.

 

[Mad_Cabbie]

Guys, a tax credit is NOT what we are talking about.

We are talking about CORPORATE subsidies, pertaining specifically to OIL companies.

A tax credit (as long as it is not for MORE than what I have already paid in taxes) is MY money.

An oil subsidy is also, MY money.

Get it?

The third quarter of 2013 brought more multi-billion dollar profits for the oil and gas industry. So far this year, just six of the largest oil companies recorded more than $82 billion in profits—making it still one of the most lucrative industries in the world. The industry as a whole spends on average $300,000 per day lobbying Congress and employs more than 700 lobbyists, more than one per member of Congress. Not surprisingly, U.S. taxpayers continue to subsidize the oil industry despite their billion-dollar profits.

Profits and Investment Healthy

The oil industry continues to post healthy profits. ExxonMobil reported $7.9 billion in profits during the last quarter, equal to an average of $87 million in profit per day. Chevron and BP both reported close to $5 billion in profits, and Shell earned $4.7 billion. Total S.A. reported $3.7 billion during the third quarter, and ConocoPhillips reported $2.5 billion. So far this year, these six companies have earned more than $82 billion in profits. For a breakdown of the companies’ profits by quarter, see Table 1.

Big Oil is investing record levels in exploration and development. So-called “mega-projects" have begun in regions like the Arctic previously thought to be “too remote or risky.” Shell expects to spend $45 billion on exploration in 2013, which will mark its “peak investment” year. ExxonMobil has spent $33 billion on exploration in the first nine months of the year. And BP, with nearly $12 billion in profits this year, plans to complete 18 new wells in November.

Federal Subsidies Continue

From preferential treatment in the tax code to insurance liability caps, the oil industry still enjoys significant taxpayer subsidies. Our Green Scissors 2012 report identifies more than a dozen subsidies for oil and gas companies. Repealing the percentage depletion deduction, which allows independent producers a flat deduction of gross income from each well, would save the federal government $5.3 billion from 2012-2017. Repealing the last-in, first-out method of inventory for oil, natural gas, and coal companies would generate $18.3 billion in revenue for the federal government for the same period. If Congress repealed the deduction for intangible drilling and development costs in the case of oil and natural gas wells it would produce $8.4 billion in added revenue.

Oil Industry Spends More than $300,000 per Day on Lobbying

The oil and gas industry spent $141 million lobbying in 2012. So far in 2013, the industry has spent $105.2 million according to the Center for Responsive Politics on lobbying....

Oil and Gas Third Quarter Profits | Taxpayers for Common Sense

So your money is your money, and their money, is your money, and my money is probably your money.

Greedy fuck.

Of course you do leave out the profit percentages. Of course these companies have large profits by value, their revenues and expenses are equally vast.

Then they should be taxed accordingly. Almost all family's in America have a car, gas is more of a necessity. Would it be OK if they charged whatever they wanted and still got breaks out the wazoo?

I think that they need to be taxed HIGHER (via a much larger gas tax) so that people do not have to pay as much in federal tax.

 

[Redfish]

Guys, a tax credit is NOT what we are talking about.

We are talking about CORPORATE subsidies, pertaining specifically to OIL companies.

A tax credit (as long as it is not for MORE than what I have already paid in taxes) is MY money.

An oil subsidy is also, MY money.

Get it?

The third quarter of 2013 brought more multi-billion dollar profits for the oil and gas industry. So far this year, just six of the largest oil companies recorded more than $82 billion in profits—making it still one of the most lucrative industries in the world. The industry as a whole spends on average $300,000 per day lobbying Congress and employs more than 700 lobbyists, more than one per member of Congress. Not surprisingly, U.S. taxpayers continue to subsidize the oil industry despite their billion-dollar profits.

Profits and Investment Healthy

The oil industry continues to post healthy profits. ExxonMobil reported $7.9 billion in profits during the last quarter, equal to an average of $87 million in profit per day. Chevron and BP both reported close to $5 billion in profits, and Shell earned $4.7 billion. Total S.A. reported $3.7 billion during the third quarter, and ConocoPhillips reported $2.5 billion. So far this year, these six companies have earned more than $82 billion in profits. For a breakdown of the companies’ profits by quarter, see Table 1.

Big Oil is investing record levels in exploration and development. So-called “mega-projects" have begun in regions like the Arctic previously thought to be “too remote or risky.” Shell expects to spend $45 billion on exploration in 2013, which will mark its “peak investment” year. ExxonMobil has spent $33 billion on exploration in the first nine months of the year. And BP, with nearly $12 billion in profits this year, plans to complete 18 new wells in November.

Federal Subsidies Continue

From preferential treatment in the tax code to insurance liability caps, the oil industry still enjoys significant taxpayer subsidies. Our Green Scissors 2012 report identifies more than a dozen subsidies for oil and gas companies. Repealing the percentage depletion deduction, which allows independent producers a flat deduction of gross income from each well, would save the federal government $5.3 billion from 2012-2017. Repealing the last-in, first-out method of inventory for oil, natural gas, and coal companies would generate $18.3 billion in revenue for the federal government for the same period. If Congress repealed the deduction for intangible drilling and development costs in the case of oil and natural gas wells it would produce $8.4 billion in added revenue.

Oil Industry Spends More than $300,000 per Day on Lobbying

The oil and gas industry spent $141 million lobbying in 2012. So far in 2013, the industry has spent $105.2 million according to the Center for Responsive Politics on lobbying....

Oil and Gas Third Quarter Profits | Taxpayers for Common Sense

So your money is your money, and their money, is your money, and my money is probably your money.

Greedy fuck.

Of course you do leave out the profit percentages. Of course these companies have large profits by value, their revenues and expenses are equally vast.

Then they should be taxed accordingly. Almost all family's in America have a car, gas is more of a necessity. Would it be OK if they charged whatever they wanted and still got breaks out the wazoo?

I think they they need to be taxed HIGHER and (via a much larger gas tax) so that people do not have to pay as much in federal tax.

Oil is the most heavily taxed commodity in the entire world. It is also the commodity that is the most necessary to sustain the level of human life that currently exists on our planet.

Who the fuck do you think pays the taxes levied on oil companies? Any idea?

 

[nodoginnafight]

Oil is the most heavily taxed commodity in the entire world

Nope. Close but not number 1.

What Are Some of the Highest Taxed Items? | eHow

 

[Redfish]

Oil is the most heavily taxed commodity in the entire world

Nope. Close but not number 1.

What Are Some of the Highest Taxed Items? | eHow

OK, I stand corrected, but the world does not run on tobacco and alcohol. It runs on oil. The US government makes more profit on oil than all the oil companies combined, and it does nothing to earn that profit, it has nothing at risk nothing invested.

Question for the greenies: How will the govt make up the lost revenue when we switch from evil oil and coal to "clean" energy? Will they find ways to tax sunlight and wind?

 

[nodoginnafight]

Oil is the most heavily taxed commodity in the entire world

Nope. Close but not number 1.

What Are Some of the Highest Taxed Items? | eHow

OK, I stand corrected, but the world does not run on tobacco and alcohol. It runs on oil. The US government makes more profit on oil than all the oil companies combined, and it does nothing to earn that profit, it has nothing at risk nothing invested.

Question for the greenies: How will the govt make up the lost revenue when we switch from evil oil and coal to "clean" energy? Will they find ways to tax sunlight and wind?

The US government makes more profit on oil than all the oil companies combined,

Nope

Look if you want to argue that oil is overtaxed - then why not just make your point with facts and logical opinion? Why do you insist on undermining your argument with hyperbole?

Personally - I say screw the oil companies. They've been raping us and raping our land and oceans long enough. But that's just my personal opinion.

 

[Redfish]

Nope. Close but not number 1.

What Are Some of the Highest Taxed Items? | eHow

OK, I stand corrected, but the world does not run on tobacco and alcohol. It runs on oil. The US government makes more profit on oil than all the oil companies combined, and it does nothing to earn that profit, it has nothing at risk nothing invested.

Question for the greenies: How will the govt make up the lost revenue when we switch from evil oil and coal to "clean" energy? Will they find ways to tax sunlight and wind?

The US government makes more profit on oil than all the oil companies combined,

Nope

Look if you want to argue that oil is overtaxed - then why not just make your point with facts and logical opinion? Why do you insist on undermining your argument with hyperbole?

Personally - I say screw the oil companies. They've been raping us and raping our land and oceans long enough. But that's just my personal opinion.

Oil is taxed at the wellhead, the refinery, the wholesale level, and the retail level. In addition the oil companies pay huge lease fees (taxes) for the right to drill where they may or may not find oil.

Want to know who is raping us? Its the US government. Corporations did not create 17.5 trillion in national debt, the government did.

As to "raping the land and oceans", oil is a natural substance, it is consumed by natural forces when spilled. The gulf of mexico has completely recovered from the BP spill, which was supposed to destroy it forever (according to envirowackos).

Oil companies average around 8-10% profit. Why do you libs never bitch about big pharma making 35% or software companies making 25% ?

 

[nodoginnafight]

n addition the oil companies pay huge lease fees (taxes) for the right to drill where they may or may not find oil.

So they should have the right to drill on other people's land for free?

The gulf of mexico has completely recovered from the BP spill,

Nope - again.
Different tactics, Deepwater Horizon Response is far from complete | RestoreTheGulf.gov

Want to know who is raping us? Its the US government.

Agree.
Doesn't mean I enjoy getting raped twice.

 

[Mad_Cabbie]

So your money is your money, and their money, is your money, and my money is probably your money.

Greedy fuck.

Of course you do leave out the profit percentages. Of course these companies have large profits by value, their revenues and expenses are equally vast.

Then they should be taxed accordingly. Almost all family's in America have a car, gas is more of a necessity. Would it be OK if they charged whatever they wanted and still got breaks out the wazoo?

I think they they need to be taxed HIGHER and (via a much larger gas tax) so that people do not have to pay as much in federal tax.

Oil is the most heavily taxed commodity in the entire world. It is also the commodity that is the most necessary to sustain the level of human life that currently exists on our planet.

Who the fuck do you think pays the taxes levied on oil companies? Any idea?

That would be us - It's taxed already, I understand. Here's the kicker - the price of gas will not change very much from what it is right now, unless people stop using it, then it will begin to fall. If demand creeps up though, the oil companies will raise the price, because they can.

NOW, if the government waits until prices are around $3.35 per gallon, then place a 50 cent tax on gas, the price is now $3.85, at that price, people will cut back some and, guess what??? That's right, the price drops.

Effectively, the government gets more revenue, (about 70 BILLION dollars a year) federal income taxes can dramatically decrease, Oil companies will help pay taxes and the middle class on down gets a bit of a break. So, if the Government (us tax payers) are getting all that revenue, who's hurt by this? The oil companies.

Good thing they can afford it! I don't remember the US handing out an oil company bailout ... EVER.

 

[Siete]

If the rational is that it was their money to begin with and they deserve it why doesn't every other company "deserve" some of their money returned in the form of subsidies?

Better yet why don't we just simplify the tax code so the government doesn't have control over who it deems a winner or loser.

Corporate welfare needs to stop across the board.

why are we kissing big oil butt ?

(without reading ALL 60 threads) ... POLITICS

Duuuurrrrr.

 

[pvsi]

Why are we giving oil companies subsidies?

I want to focus on that word "we" for a moment - are you some sort of decision maker?

 

[Mad_Cabbie]

Why are we giving oil companies subsidies?

I want to focus on that word "we" for a moment - are you some sort of decision maker?

Well, non citizens such as yourself don't contribute at all, so correct - we are talking about people who actually pay taxes.

 

[depotoo]

What a bunch of sophistry. What moonbats call "oil subsidies" are the basic tax deductions for investments that are available to ALL INDUSTRIES, as well as government entitlement programs such as HEAP (Low Income Home Energy Assistance Program) which make subsize fuel for The Poor.

Why do Libs hate The Poor?

Sadly so much misinformation is out there, it can be hard for people to discern fact from fiction. Good to see you posting the facts.

 

[Pheonixops]

You want the truth about oil and gas subsidies? Ok, here it is:

Obama Wants To Eliminate Tax Breaks For Oil Companies | CleanTechnica

Except what Obama won't follow up with is a simplified tax code. That way the price of gasoline products will GO UP making green more competitive.

Which will hurt ALL Americans not just the oil companies

Isn't that the job of Congress?