To: Broken_Clock who wrote (870280 ) 7/4/2015 12:01:47 PM From: Brumar89 Read Replies (1) | Respond to I posted a list of the "O&G subsidies" clowns like you talk about ... but you don't want to admit they're even subsidies, you call them cuts ... which is only true in the sense that liberals do want to cut those "subsidies". See the word "subsidies" below? I don't think you're as stupid as you act .. I think you're just dishonest and don't want to debate the subsidy issue cause you know your side if FOS. WTF? This is What They Mean by Oil and Gas Subsidies? But then I see this chart at Kevin Drum’s site Seriously, nearly half the “subsidy” number is the ability of a company to use LIFO accounting on inventory for their taxes? Since the proposition is to eliminate these only for oil and gas, what is the logic that somehow LIFO accounting is wrong in Oil and Gas but OK in every other industry? In fact, at least the first two largest items are both accounting rules that apply to all manufacturing industry. So, rather than advocating for the elimination of special status for oil and gas, as I thought the argument was, they are in fact arguing that oil and gas going forward be treated in a unique and special way by the tax code, separate from every other manufacturing industry.http://www.coyoteblog.com/coyote_blog/2011/08/wtf-this-is-what-they-mean-by-oil-and-gas-subsidies.html
