Do you agree with Howling Mad that Ethanol is cheaper to produce than gasoline?How much you want .. it cost me $2.88 a gallon
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SignUp Now!Do you agree with Howling Mad that Ethanol is cheaper to produce than gasoline?How much you want .. it cost me $2.88 a gallon
Can you name a law or regulation that allocates tax revenue to the oil industry?Again .. not factual here ....
OIL HAS ALWAYS BEEN SUBSIDIZED ! and still IS !!
And this goes back WAY WAY before OBAMA bud ... as in the LATE 80's !! Just look who was president at the time .
Can you name a law or regulation that allocates tax revenue to the oil industry?
Can you name a law or regulation that allocates tax revenue to the oil industry?
They both did some bad things.Both Bush 1 and Bush 2 Really added to the subsidies
Can you provide us with the name of a law or regulation that subsidizes the oil industry?GO BASH the oil industry that has cost you 100X as much in tax money as Eth did
Can you provide us with the name of a law or regulation that subsidizes the oil industry?
I gave you 3 ..
the Depletion allowance is a huge one that is still in effect .. its been active for over 91 years and counting !!!
Can you provide us with the name of a law or regulation that subsidizes the oil industry?
Everything on this list is just a history of two political parties fighting over the tax code. One party calls it an exemption while the other calls it a loophole. Of coarse,the people in both parties use every exemption that the law allows them as do all Americans. One party calls it an exemption while the other party calls it a subsidy. A subsidy is when the government gives money to a business or industry for the purpose of covering the costs associated with doing business. This money comes from the citizens of the country who pay taxes. Every American can deduct costs of doing business. We don't pay taxes on money we bring in. We pay taxes on profits. In the tax code there are exemptions for many many things. For instance we all get a personal exemption.Honestly, I have no dog in this hunt, nor do I care all that much, but there seem to be some obvious oil company subsidies out there.... easily found. You asked for them, so here are a few.
I highly doubt all of these subsidies just "ended" in 2013, the last date this story covered, and that the oil companies have been "on their own" since 2013. Highly, highly doubt it.
This was only a cursory search of your question.
You ask for proof that subsidies exist. In kind, can you and will you, on the other hand, prove otherwise, that oil producer subsidies NO LONGER exist?
I'm just asking.
The ball is in your court now.
http://www.motherjones.com/politics/2014/04/oil-subsidies-energy-timeline/
Depletion allowance/deduction for loss is a tax deduction. Do you ever knowingly refuse to use any legal tax deduction that the tax code allows you?I gave you 3 ..
the Depletion allowance is a huge one that is still in effect .. its been active for over 91 years and counting !!!
Everything on this list is just a history of two political parties fighting over the tax code. One party calls it an exemption while the other calls it a loophole. Of coarse,the people in both parties use every exemption that the law allows them as do all Americans. One party calls it an exemption while the other party calls it a subsidy. A subsidy is when the government gives money to a business or industry for the purpose of covering the costs associated with doing business. This money comes from the citizens of the country who pay taxes. Every American can deduct costs of doing business. We don't pay taxes on money we bring in. We pay taxes on profits. In the tax code there are exemptions for many many things. For instance we all get a personal exemption.
Their is however one subsidy on your list and that is the 90 billion dollars of tax payer money that Obama handed out in 2009. None of it went to the oil industry. Many of the businesses that received money made some product and went bankrupt. This is how people spend money that is not theirs.
Depletion allowance/deduction for loss is a tax deduction. Do you ever knowingly refuse to use any legal tax deduction that the tax code allows you?
The money to prop up ethanol is being forcibly removed from your wallet and mine.They remove money from my wallet and I have no choice but to buy it because it is in all gasoline available to me. I'm being harmed twice. As far as E85 goes,I'm taking advantage of a product that I'm being forced to prop up.And like it or not, when you buy your E85, you are willingly and knowingly buying into exactly what you rail against here.
The money to prop up ethanol is being forcibly removed from your wallet and mine.They remove money from my wallet and I have no choice but to buy it because it is in all gasoline available to me. I'm being harmed twice. As far as E85 goes,I'm taking advantage of a product that I'm being forced to prop up.
Another insidious thing that happens after we prop up ethanol is that the people who work for government bureaucracies are forced to fuel their company vehicles with E85. E10 isn't good enough for them. I wonder what percent of ethanol production ends up in government vehicles and the vehicles of the so called green companies that receive subsidies?
I,m not whining. I,m responding to this thread which is a cry for us to demand our politicians to do something to force increased availability to E85. I'm simply informing the OP how all of this stuff got started and that there is no need to ask for more E85 because it is a scam perpetrated on US tax payers. There is no need to ask thieves to ramp up their nefarious wealth stealing schemes. They will do it on their own as fast as they can and for as long as they can. One of Senator Ted Cruise's stated goals,during the 2016 presidential campaign,was to end the ethanol subsidies. He didn't win the presidency,so that will not happen. I'm disappointing that President Trump will not be ending them.stop your whining and pay for what you use ..
I remember hearing somewhere that Cow Dung gives off massive pollution Hmmmmmm.