No. There are certain provisions that apply only to the oil industry.<quoted text>
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:
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.
If Exxon made 9.6 billion before taxes & paid 12.6 in corporate taxes, they need to hire new accountants.