Republicans say we just can't afford Not To subsidize this "fledgling" industry ...
[...]
The final fiscal cliff deal does not touch oil and gas subsidies, confirms Rory Cooper, a spokesman for House Majority Leader Eric Cantor (R-Va.). Ending the costliest tax breaks for oil and gas companies would have raised tens of billions of dollars in revenue. Trimming just a handful of these breaks for the big five companies -- BP, Chevron, ConocoPhillips, ExxonMobil, and Shell -- would've raised $24 billion over the next decade. President Obama's 2012 budget proposal called for ending 13 breaks benefiting oil and gas companies of all sizes; it would have saved $46 billion over 10 years.
[...]
Big Oil's Billions in Tax Perks Survive Fiscal Cliff Deal
by Andy Kroll, motherjones.com -- Jan. 2, 2013
Subsidize This. Big Oil deserves Big Tax Breaks.
You might say they're "entitled" to them.
And Republicans also say we just can't afford to subsidize this "fledgling" industry ... Because, it's just TOO costly ...
The fiscal deal cemented Tuesday night includes a one-year extension of tax credits for the wind-energy industry that will cost taxpayers an estimated $12.1 billion.
[...]
Congressional Republicans and other fiscal conservatives opposed the extension, arguing the deal between Congress and the White House was supposed to include cuts to federal spending, not additional subsidies for alternative-energy programs.
[...]
Fiscal deal includes estimated $12.1 billion in tax credits for wind energy industry
FoxNews.com -- Jan. 2, 2013
TOO costly by nearly 1/4-fold!
Don't Subsidize This -- we just can't afford the price of Wind, in that ancient old-school world otherwise known as Republican-land.