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The subsidies and tax breaks are minuscule to the subsidies of oil companies which cato backs. I wish we could just tax all companies equally and much much lowe
by drawkbox 13y ago
The subsidies and tax breaks are minuscule to the subsidies of oil companies which cato backs. I wish we could just tax all companies equally and much much lower. But we should always give breaks to encourage competition.
- jcampbell1 13y agoWhat? Here is Cato praising Obama for proposing the end of oil subsidies: http://www.cato.org/publications/commentary/eliminating-oil-subsidies-two-cheers-president-obama http://www.cato.org/publications/commentary/eliminating-oil-... I tend to disagree with Cato's brand of libertarianism, but they are consistent.
- drawkbox 13y agoWell I stand corrected, had not seen that. Glad they posted that. However still the breaks for electric/green tech is still not a comparison at all and oil/gas/manufacturing are well established. I'd be for kicking taxes down to the subsidy levels so there aren't any major costs to remove it, just a tax break for other industrie. It would be great for revenues for companies for a while and they might pay their taxes actually. In a perfect world taxes would be 10% maybe and companies could bring their money back to the US.