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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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remay Champion Author Houston Posts:6,973 Points:2,119,340 Joined:May 2006	Message Posted: Oct 3, 2012 6:55:16 AM Ignore remay Report Abuse The "trim" would be so small, it wouldn't be noticed.
BEGTWO Champion Author Maryland Posts:1,952 Points:726,090 Joined:Sep 2010	Message Posted: Oct 3, 2012 6:41:07 AM Ignore BEGTWO Report Abuse Don't know about that???
MAC48 Champion Author Dallas Posts:1,550 Points:768,650 Joined:Dec 2006	Message Posted: Oct 2, 2012 9:52:57 PM Ignore MAC48 Report Abuse 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.
MidNJ Champion Author New Jersey Posts:7,564 Points:1,174,075 Joined:Sep 2009	Message Posted: Oct 2, 2012 8:55:29 PM Ignore MidNJ Report Abuse Can not understand why our tax dollars are still subsidizing the oil industry.
mitt4prez Champion Author Tacoma Posts:1,757 Points:1,248,150 Joined:Nov 2007	Message Posted: Oct 2, 2012 1:48:30 PM Ignore mitt4prez Report Abuse What, cut out the spots at the govt trough for the grafters?
Skunk63 Champion Author Phoenix Posts:2,562 Points:560,245 Joined:Oct 2011	Message Posted: Oct 2, 2012 12:42:19 PM Ignore Skunk63 Report Abuse Cut subsidies? How novel.
crep1291 Champion Author Ottawa Posts:2,587 Points:481,455 Joined:Dec 2010	Message Posted: Oct 2, 2012 11:35:56 AM Ignore crep1291 Report Abuse 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.
puinsai808 Champion Author Honolulu Posts:3,554 Points:729,255 Joined:May 2011	Message Posted: Oct 2, 2012 11:23:17 AM Ignore puinsai808 Report Abuse Cut out the Solyndras.
Norm10 Champion Author British Columbia Posts:3,342 Points:162,925 Joined:Dec 2010	Message Posted: Oct 2, 2012 10:10:53 AM Ignore Norm10 Report Abuse This means government officials would stop getting their payola!
Prius_III Sophomore Author Philadelphia Posts:145 Points:51,800 Joined:May 2012	Message Posted: Oct 2, 2012 9:29:16 AM Ignore Prius_III Report Abuse 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.
zwsn01 All-Star Author Alabama Posts:691 Points:441,900 Joined:Jan 2012	Message Posted: Oct 2, 2012 8:20:58 AM Ignore zwsn01 Report Abuse Stop giving MY money away. It's not the government's money, it's MY money.
Mark8601 All-Star Author Bakersfield Posts:918 Points:381,940 Joined:Dec 2011	Message Posted: Oct 2, 2012 5:23:21 AM Ignore Mark8601 Report Abuse Wow!Never knew how much monies went out the door on subsidies.
wild3bill Champion Author New York Posts:2,546 Points:1,687,340 Joined:Nov 2005	Message Posted: Oct 2, 2012 4:02:24 AM Ignore wild3bill Report Abuse 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!
jcurley Champion Author California Posts:7,908 Points:1,776,970 Joined:Dec 2007	Message Posted: Oct 2, 2012 2:57:38 AM Ignore jcurley Report Abuse 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!
mrjames1818 Champion Author New Jersey Posts:1,555 Points:2,000,045 Joined:Mar 2004	Message Posted: Oct 2, 2012 2:56:33 AM Ignore mrjames1818 Report Abuse To start - Kill Ethanol mandate, ethanol subsidies and oil company tax breaks
UseLessGasFolks Champion Author Iowa Posts:5,456 Points:1,297,800 Joined:Jul 2007	Message Posted: Oct 2, 2012 2:53:20 AM Ignore UseLessGasFolks Report Abuse But big oil will swear up and down that they do not get any credits or subsidies. Liars!!!
Happytalk Champion Author Pennsylvania Posts:2,145 Points:579,815 Joined:May 2010	Message Posted: Oct 2, 2012 2:51:42 AM Ignore Happytalk Report Abuse sounds good
billy44bo Champion Author Mobile Posts:7,217 Points:1,492,820 Joined:Feb 2008	Message Posted: Oct 2, 2012 2:48:21 AM Ignore billy44bo Report Abuse 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]
Retowered Champion Author Colorado Posts:8,587 Points:2,687,365 Joined:May 2004	Message Posted: Oct 2, 2012 2:45:27 AM Ignore Retowered Report Abuse Good Idea!
steve621 Champion Author Wilmington Posts:2,007 Points:2,110,130 Joined:Aug 2004	Message Posted: Oct 2, 2012 2:44:16 AM Ignore steve621 Report Abuse ok
RNCII Champion Author Michigan Posts:2,484 Points:644,770 Joined:Jun 2011	Message Posted: Oct 2, 2012 2:39:24 AM Ignore RNCII Report Abuse The way they have worked together on all the issues this list won't help.
Quick68 Champion Author Columbus Posts:8,238 Points:1,227,750 Joined:Dec 2009	Message Posted: Oct 2, 2012 2:39:07 AM Ignore Quick68 Report Abuse Both Congress and the President's pay should be cut about 3/4% to start.
tpguess Champion Author San Diego Posts:1,606 Points:373,560 Joined:Jan 2012	Message Posted: Oct 2, 2012 2:38:34 AM Ignore tpguess Report Abuse 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
Pigboat Champion Author Oklahoma City Posts:14,835 Points:2,847,540 Joined:Mar 2005	Message Posted: Oct 2, 2012 2:30:27 AM Ignore Pigboat Report Abuse Sounds like a good start at getting our fiscal house in order.
SparkieMi Champion Author Kalamazoo Posts:3,271 Points:590,335 Joined:Sep 2011	Message Posted: Oct 2, 2012 2:30:11 AM Ignore SparkieMi Report Abuse Great post by gmcgas!!!!!!
SnickersDog Champion Author Denver Posts:3,293 Points:682,935 Joined:Feb 2011	Message Posted: Oct 2, 2012 2:29:44 AM Ignore SnickersDog Report Abuse Cut them first.
gamalerin Champion Author Tampa Posts:4,762 Points:995,460 Joined:Jul 2010	Message Posted: Oct 2, 2012 2:28:53 AM Ignore gamalerin Report Abuse They have to figure how to reduce expense or shut it down.
gassy4u Champion Author Mobile Posts:3,763 Points:1,326,210 Joined:Sep 2005	Message Posted: Oct 2, 2012 2:25:47 AM Ignore gassy4u Report Abuse Many should be eliminated.
gmcgas Champion Author Atlanta Posts:5,963 Points:1,716,120 Joined:Mar 2004	Message Posted: Oct 2, 2012 2:25:15 AM Ignore gmcgas Report Abuse they casn't agree on a budget, how are they going to cut?
mikerroy Champion Author Albuquerque Posts:2,576 Points:722,870 Joined:May 2005	Message Posted: Oct 2, 2012 2:22:52 AM Ignore mikerroy Report Abuse Ok
quasar502 Champion Author Lansing Posts:3,593 Points:803,300 Joined:Jan 2011	Message Posted: Oct 2, 2012 2:17:00 AM Ignore quasar502 Report Abuse Gee ... I wonder who sponsored that report.
beale055 Champion Author Philadelphia Posts:1,292 Points:427,725 Joined:Jan 2012	Message Posted: Oct 2, 2012 2:15:53 AM Ignore beale055 Report Abuse Good
jkpsr Champion Author New Jersey Posts:4,089 Points:1,103,855 Joined:Jun 2005	Message Posted: Oct 2, 2012 2:11:24 AM Ignore jkpsr Report Abuse Everyone seems to have a plan to reduce spending. What we need is more stimulus.
1stClicker Champion Author Texas Posts:5,326 Points:2,245,495 Joined:Oct 2005	Message Posted: Oct 2, 2012 2:11:00 AM Ignore 1stClicker Report Abuse Right on RonElp!
sehonda Champion Author Honolulu Posts:2,048 Points:917,960 Joined:May 2009	Message Posted: Oct 2, 2012 2:04:21 AM Ignore sehonda Report Abuse cut Union projects - too save money
RonElp All-Star Author El Paso Posts:763 Points:109,620 Joined:Aug 2012	Message Posted: Oct 2, 2012 2:03:38 AM Ignore RonElp Report Abuse 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!
wally52 Champion Author Little Rock Posts:27,483 Points:816,460 Joined:Jan 2011	Message Posted: Oct 2, 2012 2:01:58 AM Ignore wally52 Report Abuse This article is not about gas prices, but we do need to address the wasted funds that the tax payer our paying.
Road-Runner Champion Author Denver Posts:7,046 Points:1,905,915 Joined:May 2004	Message Posted: Oct 2, 2012 1:59:59 AM Ignore Road-Runner Report Abuse Good Idea!
JohnofGB Champion Author Flint Posts:5,431 Points:1,098,145 Joined:Feb 2010	Message Posted: Oct 2, 2012 1:59:42 AM Ignore JohnofGB Report Abuse At least this article does not limit itself to just a few fuels. It gets all of the subsidies. Good riddance.
bsg75 Veteran Author Chicago Posts:428 Points:134,115 Joined:May 2010	Message Posted: Oct 2, 2012 1:55:26 AM Ignore bsg75 Report Abuse 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.
btex49 Champion Author Austin Posts:2,730 Points:533,030 Joined:Aug 2011	Message Posted: Oct 2, 2012 1:54:44 AM Ignore btex49 Report Abuse "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.
gasandgoAL Champion Author Alabama Posts:7,161 Points:1,591,615 Joined:Sep 2008	Message Posted: Oct 2, 2012 1:52:03 AM Ignore gasandgoAL Report Abuse cut Obama;s solar buddies
LostToo Champion Author Illinois Posts:4,392 Points:975,315 Joined:May 2009	Message Posted: Oct 2, 2012 1:51:11 AM Ignore LostToo Report Abuse Another big chunk they could cut on that chopping block is Foreign Aide.
bsg75 Veteran Author Chicago Posts:428 Points:134,115 Joined:May 2010	Message Posted: Oct 2, 2012 1:48:37 AM Ignore bsg75 Report Abuse Military is not considered a subsidy but unnecessary military spending definitely needs to be cut.
HA4CNN Champion Author Toronto Posts:5,634 Points:1,545,440 Joined:Dec 2006	Message Posted: Oct 2, 2012 1:46:26 AM Ignore HA4CNN Report Abuse That's like saying cut politics it is not going to happen with these criminals in power today.
Bruno44 Champion Author Texas Posts:7,085 Points:1,770,145 Joined:Sep 2007	Message Posted: Oct 2, 2012 1:46:15 AM Ignore Bruno44 Report Abuse Cut wasteful subsidies to the wacko greenie companies.
Buddy2264 Champion Author Tampa Posts:11,664 Points:2,361,920 Joined:Oct 2005	Message Posted: Oct 2, 2012 1:45:09 AM Ignore Buddy2264 Report Abuse 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.
DozenSpeed Champion Author St. Louis Posts:1,293 Points:391,550 Joined:Sep 2011	Message Posted: Oct 2, 2012 1:35:31 AM Ignore DozenSpeed Report Abuse 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.
snky2k Champion Author Indianapolis Posts:1,408 Points:305,515 Joined:Mar 2012	Message Posted: Oct 2, 2012 1:34:41 AM Ignore snky2k Report Abuse The legislative branch is bought and paid for. Not gonna happen.
etothek Champion Author Pennsylvania Posts:1,653 Points:332,630 Joined:Jun 2012	Message Posted: Oct 2, 2012 1:30:29 AM Ignore etothek Report Abuse Ok