Exactly. Those are actually real subsidies. I am sick and tired of hearing all this blather from DC and the MSM about "oil company subsidies." Total BS, what they are choosing to label as such, simply are not. For the most part they are talking about across the board research and investment tax credits that are available to all industries. What they are really saying is that they want to implement yet one more inequity in the IRS code to specifically penalize a target (oil & gas companies in this latest example). But hey, with gasoline prices what they are of late, what better target to gin up anger against? (Who cares that various government entities up and down the line are actually extracting substantially more $$$/gallon than oil companies actually record as profits?) It just grinds my gears.
Their approach to spurring the economy has worked so well in the past!
We should listen to them./s