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Originally Posted by aceventura3
Can you give an example of a tax break currently given to oil companies that you want taken away?
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The best example is probably the various provisions in the 05 energy bill that provide relief from royalty payments for drilling on public lands (estimated at nearly $10 billion over five years)
Energy Policy Act of 2005, Subtitle E -Production Incentives (esp. secs 342-347)
But you havent addressed the question of why, if we use taxes as a component of a national energy policy, there should not be greater parity between tax breaks for oil companies as opposed to renewable energy resources or new alternative energy development.
Unless you believe we can drill our way to energy independence.