Say Anything » No, The Oil Industry Doesn’t Get Subsidies
"Subsidies are funds that governments give to someone to encourage and assist them to take an action.
By reducing taxes for an action, that can have the same sort of effect, but it is more properly a tax break.
This is a critical difference, because it reveals a distinction in how people understand taxes and earning. Money businesses earn is their money and taxes are a small portion they send to the government.
Calling tax breaks a “subsidy” reverses that fact, turning earnings into something the government owns, while taxes become the government allowing the company to keep some of their earnings.
What’s more, these tax breaks are actually available to all business and the oil industry’s specific use of them is actually limited by law:"
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