Why is this a problem?
Are you just against allowing the oil industry to write off tax breaks and incentives? Or does this apply to all business? What about each of us? Should we stop the tax break on home owners that write off the interest paid on their home loans?
I speak of subsidies, not tax breaks. Theres a difference:
If people don't have the money up front, then a subsidie is the best action, since they can't be expected to pay the money up front.
I believe Tax deductions is only what you would have paid had you made a profit.
Reguardless there is a difference, and I believe big oil have broken record profits in the last year, so why are they subsidised?
Where does the oil companis fit in overall in industry for tax breaks? From what I've heard,they are about in the middle of the range. Nothing like GE who doesn't pay taxes in the US due to tax breaks. Does that mean GE is worse then the oil companies? And they get billions of tax payer dollers to pay for their outdated, worthless windmills that don't do anything on top of all those tax breaks!!!!!!!!!!!!
Once again, we not speaking tax breaks. You can isolate GE, but be sure to make it sound like all they build are wind mills though. I have to admit though eddie, I expected more from you.
$4 billion is the number that is used by both sides. To dismiss it because it's not the number you want to use and cannot support because it comes from the Right doesn't really accomplish anything. Provide a link that shows the $40 billlion a year in tax breaks and we can talk about why that is too much and shouldn't be there. Because I agree, that would be too much.
I believe thats a fair number as I believe 10 billion a year in subsidies covers a broad area which includes the whole US energy sector. Once again though, its different than a tax break.
But when an industry provides more then they receive in tax breaks in the form of taxes paid to the goverenment, then I think those insentives are a good thing. The difference between the oil industry is that they pay taxes, provide jobs, provide energy and feed our economy. Solar, wind, ethynal and electric cars do the opposite. They cost tax payers money, do not add anything to the economy and because they get free money without providing something that actually works, there is no reason for them to make their products better.
I have to dissagree with ya here, Solar and wind power must still be managed to the grid, there are plenty of jobs in the distrubution sector, not to mention,that power is still payed for by consumers,putting money into the enocomy.
I agree with you on ethanoyl is the biggest waste of energy, and money.I believe it has always been a big failure and cuss it everytime I reach for my 2 strokes.
I have no trouble with your cause, but I unlike you, I believe there could be other options in energy if given the chance, sure it takes money, but as computer technolgy has changed, so will our energy sources.
IMO we can have both, but unfortuately, big oil feels threatened, so we have people like yourself adamately crying fowl at the drop of a hat. Fortuately, america was not built on nay sayers.
One thing big oil fails to realized, is the more they gouge us on the prices,the more likely they are to fail in the long run as more and more people are ready to look for alternate sources of energy.
I look forward to 10.00 a gallon to tell ya the truth.