This is probably a stupid question. But, why do they always insist on only targeting oil companies? Why not GE? Apple? Microsoft? The pharmaceuticals? Etc., etc., etc.
And the arrogance of these dems just makes me absolutely sick.
See post 61.
The tax code is not about revenue collecion- it’s about social engineering and doling out favors and punishment.
If it’s an evil oil company, it’s a “subsidy”. If it’s a wholesome , wonderful wind program, it’s an “investment”.
The U.S. tax code is about handing out favors to political campaign donors to reassure re-election. I learned this 30 years ago from some economist who predicted that for this very reason it’ll be impossible to reform.
It’s a system no less corrupt than a banana republic.