'Subsidy' tax ploy hurts credibility of politicos pushing it

05/23/2011
by Bob Tippee, EditorEffective democratic governance depends on the quality of discourse, which plunges when elected officials jettison truth to pursue political aims.Exploiting anger over high gasoline prices—about which no one can do anything except use less gasoline and wait—many elected officials want to raise taxes on oil and gas companies under the pretense of ending subsidies. There, they traffic in falsehood."Do these very profitable companies actually need taxpayer subsidies?" asked Max Baucus (D-Mont.), chairman of the Finance Committee, during the latest grilling on Capitol Hill of top executives of major oil companies.In fact, these companies don't need s...
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