The full worth of the bill in lost tax revenue over 5 years was estimated in the press at $50Bs, with $23+ of it going to oil, gas and coal.
I keep seeing references to this, but I'm wondering where the story is? I see your cite to the bill, but that's pretty meaningless information unless you have a couple hundred hours to digest it.
They way you described it, it sounds like Earned Income Credit for Oil & Gas Companies. A $23B giveaway to those bad, bad corporations. I've seen no evidence of the $23B yet, but even then, I'm guessing it is tax relief NOT a handout.
Only 8 years of Clinton could do this to the liberal mind: Now, when we have a tax cut, what it really means is the government is "giving" us money. It never occurs to them that it is OUR money to begin with and the government has confiscated it. Of course, keep in mind I'm in favor of abolition of the corporate income tax, so I would have such a view (in fact, I never met a tax I wouldn't abolish, if the decision were mine).
Bush is a tax-and-spend liberal next to me.
Anyone got a cite, please? Or do we call this story DOA? |
