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

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iossarian6/14/2011 1:54:29 pm PDT

re: #194 Buck

I will try. First by giving the same rules for all businesses, and not just certain ones they are not “propping up” anyone. The table isn’t slanted.

Second the tax rules are the tax rules, and I don’t think anyone can blame just the Republican party for the ability to reduce the taxable income of the company by deducting business expenses.

This is far too simplistic. It’s impossible to come up with the “same rules” for all businesses, because the nature of what those businesses do is so different.

For example, the oil companies have tax breaks based on the amount of oil they extract. How would you make that the “same” break as a software company developing a graphical 3-d modeling application?

Tax breaks have to be decided on a case-by-case basis, and the determining factor should be: what is the desirable outcome, and how can we incentivize people to pursue it? At the moment we’re throwing money at the oil companies and screwing over the poor and elderly to do so, thanks largely to Republican veto power in the Senate (and the inability of some centrist Dems from “energy states” to do the right thing).