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Subsidy: > a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain l
by culi 4y ago
Subsidy:
> a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
Yes, tax deductions (to businesses) are absolutely subsidies. It's the most common form of subsidization!
> Especially if you are a business and might lose 3x as much money in a year as you make to invest in long term growth.
This bill extends the amortization schedule from 24 months to 7 years. It's actually helping ease this burden. The rest of the clauses are removing what are essentially government handouts to oil and gas companies.
- matt_attack 4y agoUnless they get a tax refund from it, it absolutely is not a sum of money granted to them. In reality the government is simply just punishing all other businesses that can't take the same deductions. You might as well consider it a subsidy to you if your neighbor gets mugged.