So there is news running about right now that the current administration is targeting some Oil & Gas industry specific subsidies but it would seem that the target is much more broad or that they are going to try to re-write the tax code in an effort to target a select few companies.
In this video snippet from Yahoo News you can see a clear statement that the tax deductions targeted are actually sweeping across all industries without that tax code revision and you can clearly hear the opponent having a tough time doing some simple math.
Apparently the industry pays about $100 Million per day in taxes to the US Government against profit of $200 Million per day. I think that if a company is forced to give 50% of it's profit in taxes then it is likely covering it's fair share of the load.
But that's just my opinion...
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