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Report: Cut energy subsidies to trim deficit

The Daily Caller -- With federal sequestration triggering a fierce debate over what government programs should be cut, a fiscal watchdog group proposes putting energy subsidies on the chopping block.

Unless Congress reaches a deal, there will be automatic across-the-board spending cuts.

“Sequestration is bad. It is irresponsible. It would cut the best and the worst the government has to offer without distinction,” Taxpayers for Common Sense president Ryan Alexander said in a statement.

“And no amount of finger pointing can change the fact that both Congress and the President are responsible for this threat,” she continued.

TCS put together a list of programs that should be cut because they are “an inefficient, ineffective, or wasteful use of taxpayer dollars” and can be safely eliminated, including a wide


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Submitted Oct 02, 2012 By: angel4me
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Author Topic: Report: Cut energy subsidies to trim deficit Back to Topics
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remay
Champion Author Houston

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Message Posted: Oct 3, 2012 6:55:16 AM

The "trim" would be so small, it wouldn't be noticed.
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BEGTWO
Champion Author Maryland

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Message Posted: Oct 3, 2012 6:41:07 AM

Don't know about that???
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MAC48
Champion Author Dallas

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Message Posted: Oct 2, 2012 9:52:57 PM

Learn the difference between a tax deduction and a subsidy. A tax deduction is a reduction in gross income to recover a recognized cost of generating income such as depreciation, employee health insurance, etcetera. A subsidy, a.k.a. grant, is a hand out of cash in order to support an activity that could not otherwise be conducted based solely on its own efforts due to its products uncompetitive economically such as solar and wind electricity generation, etcetara.
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MidNJ
Champion Author New Jersey

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Message Posted: Oct 2, 2012 8:55:29 PM

Can not understand why our tax dollars are still subsidizing the oil industry.
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mitt4prez
Champion Author Tacoma

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Message Posted: Oct 2, 2012 1:48:30 PM

What, cut out the spots at the govt trough for the grafters?
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Skunk63
Champion Author Phoenix

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Message Posted: Oct 2, 2012 12:42:19 PM

Cut subsidies? How novel.
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crep1291
Champion Author Ottawa

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Message Posted: Oct 2, 2012 11:35:56 AM

Yes, no more subsidies. Instead the government should tax all non-renewable fuels enough to make them uncompetitive. The government could probably collect 12B$ every year.
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puinsai808
Champion Author Honolulu

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Message Posted: Oct 2, 2012 11:23:17 AM

Cut out the Solyndras.
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Norm10
Champion Author British Columbia

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Message Posted: Oct 2, 2012 10:10:53 AM

This means government officials would stop getting their payola!
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Prius_III
Sophomore Author Philadelphia

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Message Posted: Oct 2, 2012 9:29:16 AM

I agree that the government should stop subsidizing all forms of energy and let the free market sort this out on its own. Nevertheless, the savings being discussed here come to only 1% of the current federal deficit. There must be other more significant savings to be found in that monsterous federal budget.
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zwsn01
All-Star Author Alabama

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Message Posted: Oct 2, 2012 8:20:58 AM

Stop giving MY money away. It's not the government's money, it's MY money.
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Mark8601
Champion Author Bakersfield

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Message Posted: Oct 2, 2012 5:23:21 AM

Wow!Never knew how much monies went out the door on subsidies.
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wild3bill
Champion Author New York

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Message Posted: Oct 2, 2012 4:02:24 AM

Subsidies are BAD. Broken As Designed!Tax payers foot the bill for the susidy and ALSO pay highe prices because price gougers charge more Gov't subsidies go to the price gougers who do not see as many lost sales due to too high prices!
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jcurley
Champion Author California

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Message Posted: Oct 2, 2012 2:57:38 AM

Ha!

“Sequestration is bad. It is irresponsible. It would cut the best and the worst the government has to offer without distinction,” Taxpayers for Common Sense president Ryan Alexander said in a statement.

“And no amount of finger pointing can change the fact that both Congress and the President are responsible for this threat,” she continued.

Congress is 100% responsible for this. Obama offered a deal. $10 in spending cuts for every $1 tax increase to the top 1%. And the GOP said 'no'.

Don't vote for those terrorist, anti-patriotic tea baggers who almost made this country default on our debt - in violation of our constitution!
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mrjames1818
Champion Author New Jersey

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Message Posted: Oct 2, 2012 2:56:33 AM

To start - Kill Ethanol mandate, ethanol subsidies and oil company tax breaks
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UseLessGasFolks
Champion Author Iowa

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Message Posted: Oct 2, 2012 2:53:20 AM


But big oil will swear up and down that they do not get any credits or subsidies. Liars!!!
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Happytalk
Champion Author Pennsylvania

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Message Posted: Oct 2, 2012 2:51:42 AM

sounds good
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billy44bo
Champion Author Mobile

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Message Posted: Oct 2, 2012 2:48:21 AM

cut all subsidies to do that free housing, phones , and the rest of the crap they give away

[Edited by: billy44bo at 10/2/2012 2:49:46 AM EST]
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Retowered
Champion Author Colorado

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Message Posted: Oct 2, 2012 2:45:27 AM

Good Idea!
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steve621
Champion Author Wilmington

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Message Posted: Oct 2, 2012 2:44:16 AM

ok
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RNCII
Champion Author Michigan

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Message Posted: Oct 2, 2012 2:39:24 AM

The way they have worked together on all the issues this list won't help.
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Quick68
Champion Author Columbus

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Message Posted: Oct 2, 2012 2:39:07 AM

Both Congress and the President's pay should be cut about 3/4% to start.
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tpguess
Champion Author San Diego

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Message Posted: Oct 2, 2012 2:38:34 AM

As long as the green guys give him money... the subsidies will continue... all he cares about is staying in for 4 more years... to finish screwing us
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Pigboat
Champion Author Oklahoma City

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Message Posted: Oct 2, 2012 2:30:27 AM

Sounds like a good start at getting our fiscal house in order.
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Oct 2, 2012 2:30:11 AM

Great post by gmcgas!!!!!!
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SnickersDog
Champion Author Denver

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Message Posted: Oct 2, 2012 2:29:44 AM

Cut them first.
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gamalerin
Champion Author Tampa

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Message Posted: Oct 2, 2012 2:28:53 AM

They have to figure how to reduce expense or shut it down.
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gassy4u
Champion Author Mobile

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Message Posted: Oct 2, 2012 2:25:47 AM

Many should be eliminated.
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gmcgas
Champion Author Atlanta

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Message Posted: Oct 2, 2012 2:25:15 AM

they casn't agree on a budget, how are they going to cut?
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mikerroy
Champion Author Albuquerque

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Message Posted: Oct 2, 2012 2:22:52 AM

Ok
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quasar502
Champion Author Lansing

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Message Posted: Oct 2, 2012 2:17:00 AM

Gee ... I wonder who sponsored that report.
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beale055
Champion Author Philadelphia

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Message Posted: Oct 2, 2012 2:15:53 AM

Good
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jkpsr
Champion Author New Jersey

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Message Posted: Oct 2, 2012 2:11:24 AM

Everyone seems to have a plan to reduce spending. What we need is more stimulus.
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1stClicker
Champion Author Texas

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Message Posted: Oct 2, 2012 2:11:00 AM

Right on RonElp!
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sehonda
Champion Author Honolulu

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Message Posted: Oct 2, 2012 2:04:21 AM

cut Union projects - too save money
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RonElp
All-Star Author El Paso

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Message Posted: Oct 2, 2012 2:03:38 AM

If we could manage the government better we could cut the deficite..Crack down on the businesses that do medicare fraud... Have a government agency that can stop us from buying the $1200.00 hammers and the $900.00 crecent wrenches... among other government wastes. And while we are at it... cut out the grants that give $200.00 for someone to study the mating habits of the teetsy fly.. FYI flies, are large biting flies that inhabit much of Jamaica and mid-continental Africa between the Sahara and the Kalahari deserts. They live by feeding on the blood of vertebrate animal.. Heck, we don't have them here in the U.S. they are in Africa!
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wally52
Champion Author Little Rock

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Message Posted: Oct 2, 2012 2:01:58 AM

This article is not about gas prices, but we do need to address the wasted funds that the tax payer our paying.
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Road-Runner
Champion Author Denver

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Message Posted: Oct 2, 2012 1:59:59 AM

Good Idea!
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JohnofGB
Champion Author Flint

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Message Posted: Oct 2, 2012 1:59:42 AM

At least this article does not limit itself to just a few fuels. It gets all of the subsidies. Good riddance.
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bsg75
All-Star Author Chicago

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Message Posted: Oct 2, 2012 1:55:26 AM

Wacko greenie companies in the environmental green sense represent a drop in the bucket compared to wacko greenie corporations in the money green sense, who have gamed the whole system to their kleptocratic advantage. Big Oil, Big Defense, Big Pharma, Big Brother. Amazing how some fail to see the Big Picture. You're so Bain you probably think this post is about you, parrot squawking Fox know-nothings.
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btex49
Champion Author Austin

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Message Posted: Oct 2, 2012 1:54:44 AM

"It would cut the best and the worst the government has to offer without distinction," I agree the sequestration is bad... however, it would do something that Congress doesn't have the ability to do and that is cut spending.
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gasandgoAL
Champion Author Alabama

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Message Posted: Oct 2, 2012 1:52:03 AM

cut Obama;s solar buddies
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LostToo
Champion Author Illinois

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Message Posted: Oct 2, 2012 1:51:11 AM

Another big chunk they could cut on that chopping block is Foreign Aide.
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bsg75
All-Star Author Chicago

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Message Posted: Oct 2, 2012 1:48:37 AM

Military is not considered a subsidy but unnecessary military spending definitely needs to be cut.
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HA4CNN
Champion Author Toronto

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Message Posted: Oct 2, 2012 1:46:26 AM

That's like saying cut politics it is not going to happen with these criminals in power today.
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Bruno44
Champion Author Texas

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Message Posted: Oct 2, 2012 1:46:15 AM

Cut wasteful subsidies to the wacko greenie companies.
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Buddy2264
Champion Author Tampa

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Message Posted: Oct 2, 2012 1:45:09 AM

I agree cut where wasteful first, but who makes up that list..... we have all had to learn to live on less and so does the government, but alas then we all have to pay a fare share, maybe some of it in a national sales tax form on all we buy. That way everyone gets to pay a little with no exceptions. Guess we will not see that one.
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DozenSpeed
Champion Author St. Louis

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Message Posted: Oct 2, 2012 1:35:31 AM

Cut MOST of them. Except military and infrastructure. You don't HAVE to cut SS and Medi-money, just stop the billions in fraud stemming from it.
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snky2k
Champion Author Indianapolis

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Message Posted: Oct 2, 2012 1:34:41 AM

The legislative branch is bought and paid for. Not gonna happen.
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etothek
Champion Author Pennsylvania

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Message Posted: Oct 2, 2012 1:30:29 AM

Ok
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