Oil Segment by Kudlow
Channel: Charles Jack
Date: 30/03/2012

How much is enough?  Is 40%+ tax rate too low?  Their depreciation write-offs are already below what most manufacturing companies get.  

Calling tax deductions and depreciation deductions "subsidies" is so misleading it's not even funny.  Get rid of the $4 billion in oil and gas subsidies.  I'm sure the oil and gas companies will even support that as long as you treat them fairly like any other business under the tax code.  

If you get rid of tax write offs for oil, get rid of the same for everybody else in the manufacturing industry.  Last time I heard we were provided equal protection under the law and that should hold the same for business, too.  

I can't believe people buy this industry demonizing crap.