tax subsidies

Exxon posted record profits... again.

Exxon posted the highest quarterly profits in US history.

There is an appropriate response to this:

1. No more tax subsidies for oil companies

2. Force oil companies to drill on existing leases or lose them

Mike Padgett has a few strongly worded paragraphs for his chief rival in the race for the Democratic nomination for U.S. Senate:

Padgett also said that his leading Democratic opponent, Nashville lawyer Bob Tuke, lacks a sense of the practical when it comes to the problem of energy.

After seven years of failed energy policy, tax subsidies to big oil, weak fuel economy standards, and the systematic dismantling of the EPA, President Bush has the nerve to blame the Democrats for, well, everything.

The House Select Committee on Energy met today to discuss how oil companies were reinvesting federal tax subsidies into alternative and renewal energy research. Tennessee’s Rep. Marsha Blackburn was on hand to shed some light on high prices at the pump. The only problem is: Why did she need more time for questioning?

Let's say you had two local governments, side by side. One was well-organized, generally efficient, with characteristics that led to lower taxes, better services, and equitable processes for the redress of grievances.

From NFIB:

NFIB Fights Illegal Tax-Subsidy Practice That Pads the Pockets of Large Developers While Forcing Small Firms to Pay the Bill
01/08/2008