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by mikegioia 3608 days ago
You went from stating the article is wrong, to saying that only smaller companies can take advantage of tax credits, threw in a red herring about all manufacturing companies, and then wrapped up with reforming the tax code.

The mental gymnastics here are stunning, and to claim tax credits and deductions aren't a direct transfer of money is like saying a credit card payment isn't, since it involves an intermediary clearing step.

At the end of the day, this IS a direct transfer of money to an industry that not only doesn't need it, but needs to be TAXED out the a-- to prevent further destruction of people's well-being.

1 comments

No it is not a direct transfer. This is not talking about a transfer from taxpayers to oil companies. It's about companies keeping money they made instead of paying that money in taxes.
Disparity in tax payments is a form wealth transfer, though I will agree it's not physical. The fact that it is not a physical transfer of funds is a sleight of hand.

Edit: spelling.

Also...

https://www.google.com/search?q=subsidy&ie=utf-8&oe=utf-8

sub·si·dy -- noun: subsidy; plural noun: subsidies

1. a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.

--and--

https://www.google.com/search?q=subsidy&ie=utf-8&oe=utf-8#q=...

sub·si·dy --

late Middle English: from Anglo-Norman French subsidie, from Latin subsidium ‘assistance.’