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#1 2010-07-19 23:37:54

From: Austin, TX
Registered: 2008-05-26
Posts: 1,201

What oil & gas companies extract from the American public

Here are some recent articles from Citizens for Tax Justice.

Offshore cheating.  Oil & gas companies pretend to relocate offshore to escape U.S. taxes.  Our own Congressman Lloyd Doggett has filed a bill to close this loophole.  (Whether it will actually pass is another matter...)

Subsidies.  Despite being fully capitalized, needing no incentive to produce oil, and being filthy rich, the U.S. government heavily subsidizes oil & gas companies in the form of generous tax advantages:


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