I’m sorry about the “no break” in the text.
I hope the read is worth the eye strain and would like your response.
This is my letter to the editor to my local Ohio newspaper, the Sidney Daily News responding to Sherrod Brown’s oil subsidies statements.
Good response. Brown’s assertion that his proposed ‘cuts’ would save $85B on a $7T tab also made me whince.
Obviously the government loses any royalties if those wells are on government owned land.
Given the very high price of pumping US oil taking away normal tax deductions for costs incurred in producing that oil will result in a rather large scale shutdown of American wells.
Senator Brown probably ought to retire ~ it's clear he's no longer able to think through this topic.
Brown is beatable, but his opponent Josh Mandel’s ads have him wearing his military uniform and touting his service in Iraq. Which is commendable. But, come on! Hammer issues. He is state Treasurer, but looks very young (he’s 34).
"Cut $20 billion in spending by ending taxpayer-funded subsidies"
Wow! That says it all. A tax allowance = federal spending...???!!!
Allowing a company to keep a portion of the money they made by creating and selling an essential product that drives the entire American economy is equated to spending by the ChiComs in our federal gubermint?
Deficit of 1.6 TRILLION and this clown is worried about a few billion in tax deductions for oil companies.
Not only is that a pittance, but it will just be passed on to consumers.
Consumers= That’s us folks, we will pay it at the pump.
If the tea party groups in Ohio can replace weasel commie Brown with a CONSERVATIVE, I’d say we accomplished something POSITIVE for our State AND our Country.
“A tax deduction and a government subsidy are not the same.”
Well, there is the author’s first mistake... ANY process that reduces current or planned future tax revenues is touted as a subsidy by the progressives. Another example of them being still in control of the language of the debate.
Call them out on every instance of their BS. That’s the fastest way to shut down their arguments.
Brown is nothing but a cheap, freeloading, two bit commie punk. What has that lowlife bastard ever done for America? Now, what have the oil companies done for America. FUBrown.
We need oil.
We don’t need the tax breaks for another remake of the Texas Chain Saw Massacre.
End the breaks to Hollywood if you feel they rob local communities of funds for the needy.
Good post. Oil companies don’t get money from the government, they pay the government taxes and royalties.
Raise their taxes if you want to but ask yourself how is that going to lower the cost of gasoline at the pump?
And, considering the fact that oil companies can and do drill all over the world, how does raising their taxes encourage them to drill here and put your brother in law back to work?
Again, good post.