depotoo
Diamond Member
- Sep 9, 2012
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Romney would keep the massive subsidies to oil companies and reinstate the subsidies to insurance companies. He would give tax breaks to millionaires but increase taxes on the middle class.
I pay taxes, more than 13%, and I'd much rather that money go to those that need it than greedy oligarchs.
Maybe some of you like the idea of your hard-earned tax dollars going to Dick Cheney and British Petroleum.
you just might want to get your facts before you start spouting off there grandma.
The federal government handed out $37.2 billion in direct energy subsidies in 2010, an increase of more than $19 billion over 2007. This 50 percent increase from three years ago [/COLORconfirms that federal energy favors are a part of our out-of-control spending problem.
Of that $19 billion increase, additional subsidies for renewables amounted to more than $9 billion, a 186 percent increase. Subsidies for renewables now total $14.7 billion.
Wind power was the biggest recipient of federal energy dollars. Last year, this sector took in almost $5 billion in subsidies a more-than-tenfold increase from 2007. Meanwhile, solar energy subsidies increased six times over the same period, from $179 million to $1.13 billion. And biofuels (think ethanol) saw a jump from $4 billion to $6.6 billion.