Comments on: Center for American Progress Shills for T. Boone Pickens http://www.globalwarming.org/2011/06/13/center-for-american-progress-shills-for-t-boone-pickens/ Climate Change News & Analysis Thu, 07 Feb 2013 05:41:58 +0000 hourly 1 http://wordpress.org/?v= By: Matthew Garringtonhttp://www.globalwarming.org/2011/06/13/center-for-american-progress-shills-for-t-boone-pickens/comment-page-1/#comment-60493 Matthew Garrington Mon, 13 Jun 2011 16:37:37 +0000 http://www.globalwarming.org/?p=9357#comment-60493 One point worth noting on oil and gas subsidies - yes, some of these subsidies are used by all businesses; however, there are subsidies specific to the oil and gas industry. It's not intellectually honest to only point toward subsidies available to other types of businesses. And just because a subsidy exists, doesn't mean that any and all companies should receive that subsidy.Also, the word subsidy does include taxpayer handouts via loan guarantees, tax breaks, etc. Don't believe me? Check out Kids Encyclopedia Britannica:http://kids.britannica.com/comptons/article-210749/subsidyIndirect subsidies.These are the most widespread, if less visible, forms of assistance provided to private enterprise and other institutions. Indirect subsidies may take such forms as favorable tax policies, loans, import quotas, and price supports. If, for example, the United States government persuades Japan to limit its new car exports, the United States auto industry benefits. It… One point worth noting on oil and gas subsidies – yes, some of these subsidies are used by all businesses; however, there are subsidies specific to the oil and gas industry. It’s not intellectually honest to only point toward subsidies available to other types of businesses. And just because a subsidy exists, doesn’t mean that any and all companies should receive that subsidy.

Also, the word subsidy does include taxpayer handouts via loan guarantees, tax breaks, etc. Don’t believe me? Check out Kids Encyclopedia Britannica:

http://kids.britannica.com/comptons/article-210749/subsidy

Indirect subsidies.

These are the most widespread, if less visible, forms of assistance provided to private enterprise and other institutions. Indirect subsidies may take such forms as favorable tax policies, loans, import quotas, and price supports. If, for example, the United States government persuades Japan to limit its new car exports, the United States auto industry benefits. It…

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