Quote:
Originally Posted by JMintzer
Sure, cite an extremely partisan congresscritter to back up your ridiculous claim...
Oil companies deduct business costs, just like any other business... It's not a "subsidy"...
One of their many costs is "exploration"...
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I wasn't talking business expenses or tax deductions. I was refering to "subsidies". Here's the definition:
A subsidy is a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut.
Here's big oil's subsidies defined:
Reforming global fossil fuel subsidies: How the United States can restart international cooperation | Brookings