Quote:
Originally Posted by georgec
The "truth" about the OIL CO. tax breaks and subsidies! |
Not sure what is meant by that. That talks about offshoring oil profits as a tax dodge, and is from 2 yrs ago admist an election campaign.
What I'm talking about are large tax/subsidy adv oil co's have due tp govt policy, and how it distorts the market and does not let tech fairly compete. This article from the
conservative Cato institute discusses the issue. They argue against the $36B odd subsidies, but also criticize the Dems for wanting to end the breaks to just transfer them to Green Tech. Both actions distort free markets at the expensive pf taxpayers. I dont go as far as they do, but they do make the point.
I'm for the elec tech, but they do need to produce marketable vehicles. Between the Leaf and the Tesla, they don't seem to be aiming higher than a niche status. Somebody will eventually figure it out.