Joat42 wrote:Relax wrote:Still waiting for you to name the tax subsidy = You can't.
I just did, Tax Cut and Jobs Act of 2017. Perhaps you don't know this, but tax subsidy is just a general term encompassing tax breaks, tax credits and other forms of tax benefits/incentives. Can you with a straight face say that the oil and gas industry don't receive any tax benefits at all?
Lets just list some that actually exists:
[list]
[*] Federal marginal well tax credit
[*] Federal enhanced oil recovery credit
[*] Texas margin tax exclusion & severance tax incentives
[*] California enhanced oil recovery credit
[*] Oklahoma gross production tax exemption
[*] North Dakota oil extraction tax rate reductions and incentives
[*] Louisiana severance tax reduction and incentives
[*] New Mexico severa
100% of those taxes are what kind of taxes?
Are they credits for profits? No.
100% are ALL, PRODUCTION taxes.
Can you read? Or choose to be act dumb and hope I am as dumb as you pretend to be?
Go for it, name one manufactured product that has production taxes... But in your world, it is okay to screw over Oil/Gas and pretend they are getting a subsidy...