Friday, March 30, 2012

AP Wins Oxymoron of the Year

Yahoo News:
WASHINGTON (AP) — President Barack Obama's plea to Congress to end $4 billion in tax subsidies to oil companies was rebuffed Thursday as the Senate turned back a Democratic bill to repeal the tax breaks.

Subsidies are when the government cuts you a check. Tax breaks are when you cut the government a smaller check. The terms are not synonymous.

Fire the editor who approved that.

5 comments:

  1. Taxes are based on profits. Profits are what is left over after expenses are subtracted from revenues. Tax deductions just account for expenses. By suggesting otherwise, Obama is really redefining "profit".

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  2. I thought they won that for the decade already?

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  3. There are a lot of companies with higher profit margins than oil companies.

    Oil companies don't pay taxes, they merely collect them. Forcing oil companies to "pay" higher taxes takes money out of our pockets. Gas costs plenty already.

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  4. Also, they don't keep profits for themselves. As publicly held companies, they pay out their profits to "shareholders". That includes a whole bunch of union teachers holding shares in their retirement accounts. Ask Obama to collect it from them.

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  5. If we had an honest media they would fire that "editor" AS it is they just reprint everything coming out of the DNC or the bowels of the West Wing of the White House.

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