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To: Pining_4_TX
She is right about the GOP establishment, but she is wrong on ethanol. It is a big deal. It is the epitome of crony capitalism that exists to enrich the few at the expense of many. If a candidate can't even stand up to a program that is not only wasteful, but harmful, then I question that person's ability to really make a change in DC.

So, do you think Cruz should be admonished for not speaking out against Oil and Gas subsidies in the same way Trump has been attacked regarding the Ethanol subsidies?

From Wikipedia article Energy Subsidies:

A 2009 study by the Environmental Law Institute[30] assessed the size and structure of U.S. energy subsidies in 2002-08. The study estimated that subsidies to fossil fuel-based sources totaled about $72 billion over this period and subsidies to renewable fuel sources totaled $29 billion. The study did not assess subsidies supporting nuclear energy.

The three largest fossil fuel subsidies were:

  1. Foreign tax credit ($15.3 billion)
  2. Credit for production of non-conventional fuels ($14.1 billion)
  3. Oil and Gas exploration and development expensing ($7.1 billion)

The three largest renewable fuel subsidies were:

  1. Alcohol Credit for Fuel Excise Tax ($11.6 billion)
  2. Renewable Electricity Production Credit ($5.2 billion)
  3. Corn-Based Ethanol ($5.0 billion)

25 posted on 01/23/2016 11:25:58 AM PST by higgmeister ( In the Shadow of The Big Chicken! Trump 2016!)
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To: higgmeister

First, a tax credit is not the same thing as a subsidy. I’m all for people paying as little in taxes as possible. The money just goes to feed the bloated bureaucracy and impoverishes all of us.

Second, end all subsidies. There is nothing in the Constitution about taking money from one to give to another. It’s legalized theft, and unfortunately, people and business leaders want their place at the trough.


48 posted on 01/24/2016 9:32:13 PM PST by Pining_4_TX (All those who were appointed to eternal life believed. Acts 13:48)
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