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The oil and gas industry benefits from 5.3 trillion dollars[0] in subsidies currently. End those and raise taxes on the industry and the taxes won't need to be

The oil and gas industry benefits from 5.3 trillion dollars[0] in subsidies currently. End those and raise taxes on the industry and the taxes won't need to be that high on the consumer end. [0]http://www.imf.org/external/pubs/cat/longres.aspx?sk=42940.0 http://www.imf.org/external/pubs/cat/longres.aspx?sk=42940.0

Karunamon 10y ago
Wouldn't they necessarily pass those costs on to the consumer?
- cmdrfred 10y ago
  Depends these firms are highly profitable, if one decided to eat some or all of those costs their product would cost less than its competitors and they would sell at much higher volume.