Of course, however, a tax cut is not a subsidy. Economic concepts can very easily be wrongly conflated with each other or misreported by the press or politician

Of course, however, a tax cut is not a subsidy. Economic concepts can very easily be wrongly conflated with each other or misreported by the press or politicians. There's an obvious qualitative difference between a government subsidy (the act of taking property from some to give to others) and a tax break (the government merely stealing less). As far as this bill specifically goes, I haven't read the entire thing, but the bullet points seem to be all about reducing tax burdens. As an overall opinion, I think more people and industries ought to have tax breaks. Given the extreme shortsightedness of Europe's leaders in trying to tackle their energy needs, I have little doubt that this act will come back to bite all of us in some way.