Quote:
Originally Posted by Tinordi
What do you mean nothing will be saved? The tax subsidies (ie spending) will be saved. Income taxes from new jobs are essentially revenue neutral.
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Spending decisions are based upon the subsidies as they exist.
Likely a huge number of projects will or would not happen without the subsidies, so your 'savings' are nothing on projects that wouldn't happen.
Similar argument to raising royalties; you can't collect the tax on wells that won't be drilled anymore than you can't 'save' subsidies on projects that won't happen.