Echoing talking points from the American Petroleum Institute, right-wing media are denying that the tax incentives oil companies receive are a subsidy. However, experts say that such incentives -- legally categorized as tax expenditures -- have effects similar to more direct cash transfers from the government, and tax expenditures make up a major part of the government's energy policy.
A new series of oil and gas industry “issue ads” running in seven states claim “Americans oppose” Democratic efforts to eliminate subsidies for the petroleum companies. But a ThinkProgress Green analysis finds the industry claims do... Read Post
In a Politico op-ed, Steve Forbes defended the taxpayer subsidies enjoyed by oil and gas companies with a series of false claims that echo industry talking points. Forbes Denies Existence Of Oil And Gas Subsidies Steve Forbes: "U.S.... Read Post