What the president often calls subsidies for “Big Oil” are legitimate tax provisions that apply to virtually all American manufacturers and producers. In fact, companies like ExxonMobil actually are specifically disadvantaged:<quoted text>
Dear Mr.Exxon, glad to see you are doing so well. Please return that subsidy since you don't need it. Thank you.
The oil and gas industry deduction under section 199 of the tax code, for instance, is lower than the deduction allowed for nearly all other U.S. manufacturers.
No, thank you. But, we would like to be treated exactly like every other manufacturer in the United States.
By the way, since we only made 9.6 billion dollars in the United States, but had to pay 12.6 billion dollars in taxes just for being here, please tell us why we should stay here and not move our operations to, oh, say, Russia, or China, or Brasil, or any other goddam country where we wouldn't have to pay more in taxes than we earn in that country.