Posted by LAA on November 29, 2011 at 07:50:20 from (70.153.188.207):
In Reply to: Re: Ethanol posted by paul on November 29, 2011 at 06:38:01:
Oil does not receive government subsidies, this is a fact, what is reported in the socialist media as subsidies are simply tax deductions and or tax credits for doing thins the federal government wants done. As far as tax deductions go, the ethanol industry has received 55 times the dollar amount of tax breaks that oil and natural gas get when you break it down per energy unit, the energy produced by the two industries is not in any way comparable. Yes, oil companies get tax deductions for doing business, the same as all industries, the only way to end that is change the tax code.
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