| Legitimate deductions are not subsidies. Despite what people think, personal and corporate income are not first delegated to the U.S. government. The "subsidies" you mention are deductions that encourage energy companies to keep certain operations and jobs in the U.S. The deductions also allow a straight 15% deduction for domestic production to compensate U.S. companies for obscene subsidies provided to foreign energy entities by their governments. The remainder of the "$4B" is a deduction for the taxes U.S. energy companies pay to foreign governments. While some people view tax deductions as "entitlements" from the government, I think it's more accurate to describe the funds as investments in U.S. interests. Reducing one's tax liability is not inherently bad.
Dustin
 "I've contributed alot of good tech help to this site that
no one here could have figured out" - JuniorTT 02/15/06 |
