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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: robert b furman who wrote (165697)3/18/2012 5:56:29 PM
From: Keith J  Read Replies (1) of 206152
 
Daniel Weiss, climate strategy director for the Center for American Progress, praised the budget because it “would make taxes fairer by eliminating $40 billion in unnecessary breaks for big oil companies that made record profits in 2011.”

Among the tax breaks for the oil-and-gas sector are the “tertiary injection” deduction, a manufacturing deduction that multiple industries benefit from, and the “intangible drilling costs” deduction (for well-development expenses that don’t go toward elements of the final well).
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