Posted on 11/26/2008 6:37:38 AM PST by IbJensen
I understand, I walk that line sometimes as well.
I hope KTI has lots of success in these ventures.
Our objection is to the nothing else plan. Missouri is a classic case of where there are shallow deposits, coming up from deeper deposits across the river, whose production needs to be explored more effectively but because its politicians such as Kit Bond are obsessed with ethanol, have not been. Our whole point about ethanol is that it has blinded politicians to what could and should be done and while it has promoted certain local economies it has been at the expense of achieving energy independence. By the way tax breaks are subsidies. I can tell you from hard experience that in almost every state you cannot under present law achieve tax breaks for better gasoline equivalent to those for ethanol biodiesel and the like and that is certainly true for the feds.
I am a business and I take every tax break allowed. it would be fiscal stupidity to not take a tax break. We give enough of our hard earned money out in taxes for BS. So I will take a BS tax break every time.
As for Kit Bond, it is time for him to go. He has done good things for parts of the state of Mo. But I am tired of pork marking the ballot. Common sense needs to prevail.
Don’t get us wrong. We don’t fault anyone for taking tax breaks. But it is disturbing and extremely shortsighted that there are tax breaks for everything except better oil technology that would actually solve the problem.
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