quote: "WE NEED MORE SUBSIDIES! NO ONE WANTS OUR STUFF WITHOUT THEM!"
quote: Nevermind that oil and gas companies actually pay a huge amount in taxes every year rather than surviving off DOE loans and counting on their customers getting subsidies in order to sell their products.
quote: In todays world well established private enterprise doesn't invest in new ideas or social change.
quote: That's what subsidies are for, rewarding risk takers that develop an idea before it makes great financial sense.
quote: Oil companies should pay huge taxes when they are the most profitable companies in the world.
quote: They pay an average effective tax rate of 17.6%. That is lower than I pay.
quote: I'm not defending either practice, just pointing out that the tax handouts to corporations -- many of whom ship scores of jobs overseas -- far exceeds what is being put towards EV subsidies.
quote: Exxon profited $41 billion in 2011. That comes to $5 million an hour. They pay an average effective tax rate of 17.6%. That is lower than I pay.