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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (373571)	3/10/2008 11:25:36 PM
From: combjelly	Respond to of 1572973

"As far as corn ethanol, I also think that is a red herring." All of the evidence supports you. So, yeah.

To: RetiredNow who wrote (373571)	3/11/2008 12:07:26 PM
From: TimF	Read Replies (1) \| Respond to of 1572973

If they really do get $14bil in subsidies from the Energy Freedom Act (and I doubt its all actual subsidies) then fine cancel the subsidies. I wouldn't complain, I'd be happy about it. I'm no fan of subsidies for oil (or for just about anything else). In any case $14bil is a very small part of the oil market. I'm for removing all oil subsidies I'd agree to that much for any actual subsidies. For other things that you might call subsidies but don't amount to the government actually cutting a check to the oil companies, I'd examine the issues on a case by case basis. For example, I would probably support the elimination of all targeted tax breaks for the oil companies, even though they aren't actually subsidies. The economic effect is the same, and the justification is probably weak, so they might be as bad as subsidies. While tax breaks for exploration aren't as bad IMO as others, I'd be fine with getting rid of them as well (even if the effect of that change is to very slightly increase the amount of oil we import) and beginning to tax gas with a 50% surcharge and giving tax incentives to production and consumption of alternative cars and fuels I would oppose both of those ideas.