Think repealing oil industry tax incentives will increase federal revenues? Think again

Oil “subsidy” and “tax breaks” nonsense

By Paul Driessen —— Bio and Archives--May 21, 2011

Global Warming-Energy-Environment | Comments | Back To Full Article

President Obama frequently says Americans “need to end our $4 billion in annual taxpayer subsidies to oil companies.” The latest Democrat bill would have repealed some $2 billion of what Senator Charles Schumer (D-NY) and others call “subsidies” and “special tax breaks” for Big Oil.

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