[twoodfin]

> First order of business would be to cut the $50 billion per year in oil industry subsidies in the U.S.

Those supposed "oil industry subsidies" just keep getting bigger and bigger. In 2009, the claim from an environmental think tank was "approximately $72 billion over 5 years":

http://www.sciencedaily.com/releases/2009/09/090918100004.ht...

Where do you get your figures?

EDIT: Here's a good summary of where things stand. Nowhere near $50B, and the oil companies have a reasonable argument that the money they pay in royalties to drill in foreign nations is aptly described as a tax. http://www.nationaljournal.com/energy/breaking-it-down-oil-i.... Most of the other "subsidies" are the sort of tax breaks available to any producer of manufactured or extracted goods. Even windmills.