Thursday, April 28, 2011
"Dems Target Oil Companies"
"Let’s cut through the hyperbole. Unlike renewable sources of energy which received $60 billion in taxpayer dollars since 2008, the American government doesn’t give oil and natural gas companies a cent to produce oil. The LCV’s characterization of tax credits and deductions as subsidies is intentionally misleading. A subsidy is when the government takes money from you and gives it to someone else, like a solar company.
Allowing a company to keep more of its earned money by employing a tax credit is anything but a subsidy."
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