Re:Peter Thiel to serve as Trump delegate
by partiallypro on Tuesday May 10, 2016 @01:09PM
(#11668756)
> I usually point out that oil&gas get a tremendously larger amount of subsidie
Oil and Gas do not get direct subsidies, they get to write off capital expenses. That's completely different.
You can downvote me all you want, but writing off capital expenses is available to every business and this is always included in the "oil and gas subsidies" number people tout, because it fits an agenda of corporate welfare for everyone else. Corporate welfare should be abolished. The Oil & Gas sector did get a bailout in the early 90s, and it shouldn't have. The auto industry also shouldn't have been reaped rewards from government bailouts.
Oil and Gas do not get direct subsidies, they get to write off capital expenses. That's completely different.
You can downvote me all you want, but writing off capital expenses is available to every business and this is always included in the "oil and gas subsidies" number people tout, because it fits an agenda of corporate welfare for everyone else. Corporate welfare should be abolished. The Oil & Gas sector did get a bailout in the early 90s, and it shouldn't have. The auto industry also shouldn't have been reaped rewards from government bailouts.