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Video: Romney Insists He Was Right About Allowing the Auto Industry to Go Bankrupt

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Buck6/14/2011 1:54:05 pm PDT

re: #195 engineer dog

could you explain to me exactly why oil companies need one cent of my hard earned tax dollars?

That would take a lot longer. However I will try. If you penalize an industry, just because you don’t like them then you risk them not doing business in your State, or even country.

As much as you seem to hate the oil industry, I am sure you know that the economy is very dependent on them. Much like the automobile industry in the topic. The oil companies are not asking for a bailout (which seems to me to be, in part, the confusion), just the same tax rules as any other industry.

And in fact you only give them your “hard earned tax dollars” when you buy something from them.

Letting them deduct legitimate business expenses from their earnings is not taking tax money from the government.