Congress and its games....
Good!Finally!Let them expire!Now if only the
right would let oil and farm subsidies expire....
This proves what someone once said, " A Democrat is a person who thinks they
have the right to spend other people's money."
Don't reelect anybody!
Who needs business anyway? If they goof on planning the future, oh well. There
is always welfare.
This is completely consistent with Congress: they are the biggest do-nothing
group in the world. Elitists who have lost touch with the real world Americans
are striving to succeed in.
"A series of tax breaks promote renewable energy, including a credit for
power companies that produce electricity with windmills."This is
a classic example of how government "picks favorites." I keep hearing
the fossil fuel/Koch brothers squawking about how government is promoting
renewable energy, but here, Congress allows the incentives for clean,
price-stable energy to expire year after year. The result? Unnecessary,
government-induced investment risks and boom-and-bust cycles where investors get
spooked about investing into America's energy future without knowing if and
when incentives will appear. All the supply chain for renewables get hung up on
Congress's whims! And good manufacturing jobs are lost.Fossil
fuel subsidies? They're largely embedded in tax code, established in the
20th century, and they never expire and they never get debated in Congress.Talk about "picking winners"... Can you imagine if Big Oil got
stop-and-go subsidies year after year? All those foreign oil companies from
Saudi Arabia and British Petroleum to Dutch Shell would demand our Congress to
stabilize the policy so that they could invest with certainty. Too
bad we don't have big foreign renewable energy interests demanding Congress
to shape up!
Perhaps Maverick is right and tax breaks to many more should be eliminated. I
am ignorant as to what the tax breaks the oil companies receive are, can someone
add some light on what they are? The milk subsidy is one that concerns me.
While I don't particularly like tax breaks and subsidies I do wonder what
will happen to milk prices and particularly child nutrition if milk prices are
Would this work? All business pay a sales tax. They could send it in to the
government every month. No favorites. No deductions. No special incentives. No
complex codes. Just a flat rate sales tax (I think it's called a value
added tax). What would the problems be with this kind of tax?
If you can play the stock market, change the rules and get payed by giant
companies and give your self a raise who are you.
We won't see our taxes go up a single dime.