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Trumpet Merit Badge Award post!
Nonsense that supports the cause.
Which part of it is "nonsense"? Be specific.
Trumpet Merit Badge Award post!
Nonsense that supports the cause.
The difference is the pain inflicted in making the attempt. Being laughed at by Mexico is minuscule compared to the pain inflicted of impeding the use of fossil fuels.
Democrats, and especially those supporting the "Green New Deal" are nothing more than economically illiterate fools trying to pander to American voters who are clueless on how the economy works.
Yep, so far just more "Hope and Change" with no actual policy changes (bills) to judge it by. It could just as easily been called the "Moms Are Good People Act" and anyone opposed to it could then be called a mother denier (hater?).
Wow, so you mean they are trying to appeal to Trump's base?
Exactly the kind of answer I expect from those on the right or leaning right. No can do, money, money, money, fossil fuel. If you actually think there is no such thing as corporate welfare, try typing those two words into a google search.
Nice try, but your party is in a blender being chopped up. It'll be the best show on earth watching you liberals destroy yourself. Sir are you running on getting rid of ICE. Ma'am are you running on raising taxes on the wealthy to 70% or more. Sir are you running on never funding for a wall on our southern border to provide security. Ma'am are you running on walls don't work and are immoral. Sir are you running on allowing abortion just before the birth of a child. Ma'am are you running on allowing abortion after the baby is born. Sir are you running on the New Green Deal. Ma'am are you running on a guarantee job for anyone that wants one. Sir are you running on shutting down all the coal, oil and natural gas production in 10 yrs. Ma'am are you running on free college for everyone. Sir are you running on Medicare for everyone. Ma'am with free college, a guarantee job for everyone, Medicare for everyone etc how are you going to pay for it.
SD you get the picture, we are not Venezuela, but to watch you self destruct will be fun. In fact it is already fun to watch all the far left waco's taking over the Dem Party.
Lets test what you think you know. Explain what effect capital amortization has on the oil industry. The left always screams its a subsidy, so lets see what you think you know about it.
Wow great debating point. So you really have zero clue what Cohn's agenda might be. Same here. You can disagree with his POV but he has a legitimate one. My sense is you only know that he was a key architect of the tax plan and thus must be evil and in the pockets of evil corporations.
Lets test what you think you know. Explain what effect capital amortization has on the oil industry. The left always screams its a subsidy, so lets see what you think you know about it.
Lets test what you think you know. Explain what effect capital amortization has on the oil industry. The left always screams its a subsidy, so lets see what you think you know about it.
US oil companies don’t receive subsidies? That’s interesting Energy subsidies - Wikipedia
Exactly the kind of answer I expect from those on the right or leaning right. No can do, money, money, money, fossil fuel. If you actually think there is no such thing as corporate welfare, try typing those two words into a google search.
Just like Trump thinks!
I know I have a degree in economics and have seen tax cuts since Ray-gun hence I know what time it is.
Wow, so you mean they are trying to appeal to Trump's base?
Lol, I highly doubt heavy taxes, outlawing air travel and requiring we retrofit every building in the US is something that appeals to Trump's base. They typically don't support things that would cripple the US economy.
Here's what I know, semantics can be used in many ways sorta' like how oil companies can use different terms to get government money. The BP oil spill being the biggest and most recent example In BP's Final $20 Billion Gulf Settlement, U.S. Taxpayers Subsidize $15.3 Billion that cost taxpayers out the ying yang. Who cares what technical booking terms I don't know? I know this, big oil cheats and not in our favor.
Depreciation and amortization are common to almost every industry, while depletion is usually used only by oil companies.
It's nice to talk about it being a double dip subsidy however it's something that the oil business has had afforded to them for decades, and it is partly due to the boom-bust nature of the exploration and mineral acquisition side of the business.
Case in point, during the Urban Cowboy 1970's, Texas responded, thanks in part to such incentives, to the Arab Oil Embargo by dramatically expanding their exploration and mineral acquisition efforts. Within two years of the embargo, Midland Texas suddenly had more Rolls Royce dealers than Beverly Hills. I know, because my brother was a logistics exec at one of the most prolific exploration firms in the state during that time and he lived in Midland.
However, a year and a half after the Saudis reversed their policy and opened the floodgates, suddenly I-20, I-10, I-35 and I-45 all played host to the eerie sight of literally THOUSANDS of mothballed drilling rigs dotting the sides of the highways, left to rot in the hard caliche and the hot sun.
Now, about that giant straw man you constructed, the one about "THE LEFT", if you're going to insist on the debate being couched in terms like that, then it is clear that you aren't interested in debate at all, you've already made up your mind in advance.
There IS such a thing as corporate welfare. And in the 1900's it began to be given to a fledgling petroleum industry to help it grow because it seemed to have a bright future. There's no way cars were going to run on whale oil and peanut oil. We couldn't get our hands on enough of it quickly enough, plus the fact we were running out of whales.
It made sense to push a bit of corporate welfare to the oil business, it meant that they could take better risks and more of them.
Now it is time to consider doing a little bit of the same for some green energy industries that show some promise.
I assume since you think you know something about the oil business that you're going to argue that green energy cannot possibly be legitimate.
Is that what you believe?
The majority of the so called subsidies for oil companies comes from land lease and capital amortization. That is they get to deduct the deterioration of leases and capital expenditures on equipment because those materials and leases do lose value over time. If you understood amortization you would understand that oil subsidies are primarily bull****. But you would rather wallow in your ignorance, your loss.
Lol, I highly doubt heavy taxes, outlawing air travel and requiring we retrofit every building in the US is something that appeals to Trump's base. They typically don't support things that would cripple the US economy.
let's do away with the word subsidies and call them what they are tax breaks. Dig a hole that produces nothing 100% write off. Don't tell me about my ignorance, conservatism makes folks believe all kinds of bullcrap. All you are doing is defending the extremely wealthy and corporate america, good for you, they need the help.
Lol, I highly doubt heavy taxes, outlawing air travel and requiring we retrofit every building in the US is something that appeals to Trump's base. They typically don't support things that would cripple the US economy.
Because you are ignorant. They don't write off the damn drilling equipment, they write off a portion of its value so they don't pay taxes on it like its brand new.
How you can begin to claim to know subsidies and not understand amortization disqualifies your posts from having value.
Because you are ignorant. They don't write off the damn drilling equipment, they write off a portion of its value so they don't pay taxes on it like its brand new.
How you can begin to claim to know subsidies and not understand amortization disqualifies your posts from having value.