Blame Taxes Not "Big Oil"

Andrew Moylan

Townhall - Washington’s debate over so-called oil "subsidies" signifies a fundamental misunderstanding about who pays taxes in America. University of Michigan economist Mark Perry emphasizes that real people, not corporations, ultimately pay taxes. Higher taxes on any industry – particularly a sector such as energy which feeds into every aspect of our economy – translate to higher prices for consumers, lower wages and fewer jobs for employees, and/or lower returns for shareholders. These realities hardly qualify as common knowledge. And because taxes are a very complex issue, special interest groups can easily exploit public confusion. The liberal-leaning Center for American Progress, for example, tries to paint major oil companies' tax burden as "lower than the average American’s." Yet, federal data shows that’s just not the case. Read full column here: News New Mexico

Blame Taxes Not "Big Oil"