"So, when will Cruz stand up and demand an end to subsidies to the oil and gas industry?"
Oh, any minute now. /sarc
Excerpt: “We appreciate America’s Renewable Future’s [ethanol advocate group] focus on fairness and market competition and welcome their endorsement of Ted Cruz’s Simple Flat Tax Plan which eliminates all energy subsidies....”
“His plan eliminates all loopholes, stops corporate welfare, and specifically allows every company, including ethanol producers, to immediately expense all of their capital costs, treating everyone fairly, without subsidy. Ted Cruz believes the tax code shouldn’t pick winners or losers in the market and that all industries should compete on a level playing field.”
...Cruz spokeswoman Catherine Frazier fired back: “Cruz has consistently supported ending subsidies across all energy sectors, and his tax plan would do just that.”
“All that remains in terms of subsidies/exemptions in his tax plan are the Child Tax Credit and the Earned Income Tax Credit, as well as existing deductions for charitable contributions and mortgage interest payments”, she said.
...”Cruz’s tax plan also allows every company, including ethanol producers, to immediately expense all of their capital costs — treating everyone fairly, without subsidy.”