4 ms·
Not sure how I feel about characterizing this as a subsidy, but... while tax breaks aren't the same as subsidies, they can effectively act like subsidies in som
by jorge-fundido 10y ago
Not sure how I feel about characterizing this as a subsidy, but... while tax breaks aren't the same as subsidies, they can effectively act like subsidies in some cases. I found this list more informative than the article or even the Metcalf paper:
https://www.americanprogress.org/issues/green/report/2016/05/26/138049/it-is-time-to-phase-out-9-unnecessary-oil-and-gas-tax-breaks/ https://www.americanprogress.org/issues/green/report/2016/05...
The optimist in me wants to believe that our dependence on foreign oil encouraged new domestic oil production via tax policy. I don't think that nudge is warranted any longer. I'm not a fan of governments interfering in markets, but in this case, better to incentivize alternative energy and not fossil fuel.