Let me give a hearty endorsement of my Examiner colleague Timothy Carney’s Monday column on the Democrats’ proposal to take away “tax subsidies” from big oil companies. As Carney points out, the main feature of the Democrats’ bill, which was defeated in the Senate but which we probably have not heard the last of, was to deny five major oil companies the domestic production tax credit that is available to all manufacturers and mining companies, including oil companies. The justification? Well, big oil companies get lousy ratings in polls. So stick ‘em with a higher tax bill. Sounds a lot like gangster government to me.
Read more at the Washington Examiner: http://washingtonexaminer.com/blogs/beltway-confidential/2011/06/gangster-government-attack-oil-companies#ixzz1Pp4uGFbv
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