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Jan 30, 2016, 08:56 PM
Libertas in Infinitum
logan5's Avatar
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7.9 Billion spent on subsidies ... and still nothing to show for it.


Nothing to see here ... just another Government failure.

http://www.cnsnews.com/news/article/...-electric-cars
Jan 30, 2016, 09:00 PM
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Broken Wings's Avatar
And they said glow is dead....
Jan 30, 2016, 09:02 PM
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Originally Posted by logan5 View Post
Nothing to see here ... just another Government failure.

http://www.cnsnews.com/news/article/...-electric-cars
Yep. Sort of like the Oil companies billions in subsidies every year.
Jan 30, 2016, 09:55 PM
whiirrrrrr
srt8madness's Avatar
Quote:
Originally Posted by Sonny McGhee View Post
Yep. Sort of like the Oil companies billions in subsidies every year.
1. Fewer than you think
2. There is PLENTY to show from the oil companies.
3. Care to look at subsidies per percentage of industry?
Jan 31, 2016, 10:24 AM
Alarm Bells Softening!
Big Foot 48's Avatar
Quote:
Originally Posted by Sonny McGhee View Post
Yep. Sort of like the Oil companies billions in subsidies every year.
Document it. Oh wait, having a US military presence in the MidEast is a "subsidy" to liberals, isn't it? Never mind. I forgot for a second liberals have their own definitions for things.

Do oil companies in your country get "subsidies"?
Jan 31, 2016, 10:29 AM
Alarm Bells Softening!
Big Foot 48's Avatar
Quote:
Originally Posted by logan5 View Post
Nothing to see here ... just another Government failure.
Obama just keeps letting us down.

The 7.9B number is an estimate through 2019 BTW - there's still a chance to reduce it!

Odd, I don't recall any candidate saying these need to end. Has anyone said so?
Jan 31, 2016, 10:37 AM
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Deadstick 8409's Avatar
To say "nothing to show for it" is a bit disingenuous. You think maybe industry is learning how to make a better electric car at least?
Gas is $1.91 right now in my area. Is it your supposition that is a long term thing?
Jan 31, 2016, 10:58 AM
Random Pic #23982
Indiana_Geoff's Avatar
Quote:
Originally Posted by Sonny McGhee View Post
Yep. Sort of like the Oil companies billions in subsidies every year.
What subsidies?
Jan 31, 2016, 11:02 AM
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Deadstick 8409's Avatar
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Originally Posted by Indiana_Geoff View Post
What subsidies?
Really?

http://priceofoil.org/fossil-fuel-subsidies/
Jan 31, 2016, 11:15 AM
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Big Foot 48's Avatar
Quote:
Originally Posted by Deadstick 8409 View Post
Took a bit of searching but here they are from the above. Looks like all tax laws related to the nature of the business. The horror! The horror!

Quote:
Corporate tax exemption for Master Limited Partnerships (MLPs) – more than three-quarters of MLPs are fossil fuel companies

Deduction for intangible drilling costs – 100% tax deduction for costs not directly part of the final operating oil or gas well*

Lost/reduced royalties from leasing of federal lands for onshore and offshore drilling

Percentage depletion allowance –independent producers can deduct 14-15% of large investment costs from income taxes*

Domestic manufacturing deduction – allows oil producers to claim a tax break intended for U.S. manufacturers to prevent job outsourcing*

Carbon dioxide (CO2) sequestration credit – tax credit of $20 per ton of CO2 sequestered (largely from coal plants); $10 per ton for CO2 used for enhanced oil recovery

Exemption from passive loss limitation – exempts investors from limits on deductions of losses from oil and gas activities in which they are not directly involved*

Deduction for tertiary injectants – allows companies to deduct the costs of fluids, gases, and other chemicals used for enhanced oil recovery from existing wells*

Deep gas and deep water production royalty relief – suspension of royalty payments for deepwater oil and gas production

Total 2013: $10.5 billion
http://priceofoil.org/content/upload...nal_Screen.pdf
Last edited by Big Foot 48; Jan 31, 2016 at 11:25 AM.
Jan 31, 2016, 11:49 AM
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Big Foot 48's Avatar
The oil company "subsidies" details from PDF. Imagine allowing companies to deduct costs they incur creating revenue! How dare they! Why didn't Obama+Dem Congress stop this!
Quote:
Worst of the Worst:
exploration subsidies
Exploration subsidies allow oil, gas, and coal companies to deduct costs associated with discovering new reserves from their tax payments immediately, rather than capitalizing and deducting them over the useful life of the property as would normally be required .

Two major U.S. subsidies aimed directly at encouraging exploration totaled $136 million in 2013 alone.
These are:
amortization of geological and geophysical expenditures ($110 million): allows oil and gas companies to recover costs of seismic surveys and exploration drilling through income tax deductions.

Deduction for intangible drilling costs
($3.5 billion): 100 percent tax deduction for costs not directly part of the final operating oil or gas well (such as labor costs, survey work, and ground clearing), including oil and gas exploration and development costs.

Percentage depletion allowance ($900 million): allows independent fossil fuel producers to deduct 14 to 15 percent of large investment costs, including for exploration, from income
taxes.

Domestic manufacturing deduction ($587 million): allows fossil fuel producers to claim a tax break intended for U.S. manufacturers to prevent job outsourcing.
Jan 31, 2016, 12:04 PM
Alarm Bells Softening!
Big Foot 48's Avatar
Now, back to the real subsidies going on: I want to thank all the American taxpayers, current and future, for giving me $4,000 to help buy a plug-in hybrid car! It cinched the deal.

Recommendation: end all the real, cash subsidies going to green energy and anything else and let the market determine demand and prices.
Jan 31, 2016, 12:09 PM
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Originally Posted by Broken Wings View Post
And they said glow is dead....
At least you are using the correct term instead of the horribly maligned and recent "nitro". I cringe every time someone refers to glow motors with that word.
Jan 31, 2016, 12:11 PM
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Quote:
Originally Posted by Big Foot 48 View Post
The oil company "subsidies" details from PDF. Imagine allowing companies to deduct costs they incur creating revenue! How dare they! Why didn't Obama+Dem Congress stop this!
Most folks are just little employees. They have never run a business or understand business principals. Their commitment to their success and future ends at 5:00pm when the sound of the whistle blowing and a can of beer opening occur simultaneously.
Jan 31, 2016, 05:42 PM
Tu ne cede malis
MtnGoat's Avatar
Quote:
Originally Posted by Sonny McGhee View Post
Yep. Sort of like the Oil companies billions in subsidies every year.
In what way are they sort of like that?

They're certainly not like that in the way where a product can survive without them, for one thing.


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