Energy Tomorrow Blog
The Truth on Oil and Natural Gas 'Subsidies'
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Stephen Comstock
Posted January 29, 2014
Contrary to what some in politics, the media and most recently, the president during the State of the Union, have said, the oil and natural gas industry currently receives not one taxpayer “subsidy,” “loophole” or deduction. Since its inception, the U.S. tax code has allowed corporate taxpayers the ability to recover costs. These cost-recovery mechanisms, also known in policy circles as “tax expenditures,” should in no way be confused with “subsidies” – direct government spending or “tax loopholes.”
Energy Tomorrow Radio: Episode - 116 The Problem with New Taxes
congress domestic energy energy policy foreign tax credit tax code taxes company tax rate
Jane Van Ryan
Posted August 31, 2010