Oil Tax Breaks Survive Senate Vote
MAY 18, 2011
“The Senate on Tuesday blocked a Democratic proposal to strip the five leading oil companies of tax breaks that backers of the measure said were unfairly padding industry profits while consumers were struggling with high gas prices.” (New York Times)
Discretion in the hands of politicians is dangerous.
FEE Timely Classic
“Tax Breaks Aren’t Subsidies” by Sheldon Richman