I posted this earlier but to refresh your memory and educate you on where these monies go to.<quoted text>
There you go...proving you can lead a horse to water but you can't make him drink.
Get an education for Pete's sake and actually read the End Polluter Welfare Act. It breaks down many (not all) of the oil subsidies quite nicely.
Oil-related subsidies go to..
The single largest expenditure is just over $1 billion for the Strategic Petroleum Reserve, which is designed to protect the U.S. from oil shortages. Maybe you like to walk everywhere but the benefactor is the American people.
The second largest category is just under $1 billion in tax exemptions for farm fuel. This is not money paid to anyone but a waiver of highway tax that is included in gas prices as farm equipment doesn't use the highway. I see NO benefit to the oil companies.
The third largest category?$570 million for the Low-Income Home Energy Assistance Program -you want to cut this one?
NOW a look at those special tax breaks oil companies get that other manufactures don't...
is a manufacturer’s tax deduction that is defined in Section 199 of the IRS code. This is a tax credit designed to keep manufacturing in the U.S., but it isn’t specific to oil companies. It is a tax credit enjoyed by highly profitable companies like Microsoft and Apple, and even foreign companies that operate factories in the U.S. Further, the deduction for oil companies is already limited. Apple is able to take a 9% manufacturer’s tax deduction, but ExxonMobil is only allowed to take a 6% deduction.
So what is this credit you are talking about????