by Ron Paul
As the economy continues in its downward spiral and talks in Congress about reducing spending have only amounted to political theater, the subject of how the tax code treats energy has become a topic of controversy. Specifically, should we subsidize, enforce mandates, or give tax credits and deductions to industries like ethanol and natural gas? Having a thriving energy market domestically is a good thing and something the government should not hinder. Not only would decreasing our dependence on foreign oil simplify our foreign policy, but it would greatly enhance our anemic economy at home.
Of course, the government should neither inhibit nor subsidize any particular type of energy. While many people agree with that statement, there is much confusion over the difference between government subsidies and tax credits or deductions. The difference is night and day, yet so many times they are all lumped together as evil government handouts. A subsidy IS a government handout. It amounts to the government taking money from the people and giving it to a favored interest. It is the worst sort of market manipulation and it is something I can never support. This kind of government mischief is anathema to the Constitution and the principles of freedom and the free market.
By contrast, with tax credits and deductions, industries, business, and individuals simply get to keep more of the money they have earned. Ideally, the tax code should not be used for social engineering, but, until we have true tax reform, I will always support tax credits and deductions that keep more dollars in the private sector where they are spent, saved, or invested. This means I will support tax credits and deductions for energy producers, farmers, homeschoolers, family child care expenditures, expenses of evacuees from disaster areas, and even adoption expenses. I’ve almost never met a tax cut, deduction, or credit I didn’t like. Any measure that keeps money in the private sector to spend, save or invest, rather than allowing the government to waste or misallocate is a win for the economy.
Inequities in the tax code dealing with tax credits should be solved by giving all participants equal treatment. Removing
I oppose ethanol mandates because I do not think anyone should be forced to use or buy ethanol. Ethanol mandates often serve as corporate welfare for big agriculture ethanol producers. The marketplace should decide whether or not to use ethanol, and producers of ethanol have to discover if they can produce it at a price that makes good business sense. No industry should be allowed to use legislation to create a “market” for its products. The real reason ethanol mandates continue to surface in federal legislation is that agribusiness continues to have one of the most powerful lobbies in Washington.
Furthermore, while I do not support providing federal grants to any industry, I do support the tax credits contained in the NAT Gas Act, HR 1380. These credits reduce taxes for the production or purchase of vehicles that run on American-made natural gas. These credits are not subsidies. Of course, we should repeal federal barriers to energy production and reduce taxes on all forms of energy. Therefore, I have also introduced the Affordable Gas Price Act HR 1102 which would remove governmental barriers to offshore drilling, encourage private investment in new refineries and suspend taxes on gasoline when the price at the pump reaches a certain threshold. Lowering taxes to encourage the domestic production of energy and getting government out of the way of the American energy market is not a government giveaway; it is the way it should be in a free country.
Processing your request, Please wait....
Google “A Few Magnet Motors”
Report this comment
Like or Dislike:
0 
0
I’m an Texan in Australia! go Paul ! Australia is behind even though the state of Texas has more population than us
( kicking myself not there to vote)
Report this comment
Like or Dislike:
0 
0
Ron Paul is so god dam logical and sexy ?
Report this comment
Like or Dislike:
0 
0
Use NASA technology to pave the roads for small motor carts with clay & water! Lighten the load on the road, Ron Paul.
Report this comment
Like or Dislike:
0 
0
IEUE bless America! Take some of the material from NASA aircraft missles and manufacture lighter weight vehicles; like clay/So that they could make them to run on water if they wanted; it’s not too inexpensive for them to do so; or, we could use more “golf cart lanes” at home in the residential areas or on college campus.
Report this comment
Like or Dislike:
0 
0
But the government should have nothing to do with the private sector !
Report this comment
Like or Dislike:
0 
0
HARBON ENERGY
Hydrogen loves to fly. It’s light as Heaven and radiant beyond belief.
Carbon is Earth’s grand art medium. It’s a well-grounded expression of creation.
They belong together. They’re a match made in Heaven.
They can mate in the figure 8s of infinite energy. In their union is born Harbon — a temporary element of fusion that retains the properties of both parents, yet radiates powerful energy, which can be tapped in home generators.
We can let those sleeping dinosaurs rest in peace.
Report this comment
Like or Dislike:
0 
0
IF SOPA was to get rid of anything wouldn’t it be NIKOLA TESLA ABOVE AND FOREMOST OF ALL THINGS
Report this comment
Like or Dislike:
0 
0
There will never be another war if we USE NIKOLA TESLA’S free energy for all,, but yes the power companies would turn on us if we tried it but isn’t this AMERICAN were we the people have a damn say so in who get’s money to build what and for who it is for and why wouldn’t we build this for everyone their wouldn’t be as much work in keeping it going because their would be no grid, it would be safe against solar storms ect PLEASE LOOK INTO NIKOLA TESLA
Report this comment
Like or Dislike:
0 
0
Don’t look up anything anymore about energy if it’s not Nikola Tesla and the way he figured out how to use the earth to power everything we need don’t you get people were like ants using ant power when the size of the earth is way beyond what ever power we can make why not use the earths friction power NIKOLA TESLA figured out how to use the safe and free energy wireless electricity please look it up, your all most their if your mind is open to RON PAUL than your very close to ending all wars
Report this comment
Like or Dislike:
0 
0
If no one looks up NIKOLA TESLA than your not very smart than are you because we could ditch power companies and we could ditch oil if it’s not NIKOLA TESLA than fuck it
Report this comment
Like or Dislike:
0 
0
Check this out! Great introduction to Ron Paul! Spread it around! WhyRonPaul (dot) com
Report this comment
Like or Dislike:
0 
0
I believe we should continue to provide tax credits to renewable energy and those who use.
It’s a great way to help the private sectors for renewable energy.
Report this comment
Like or Dislike:
0 
0
I believe we should continue to provide tax credits to renewable energy and those who use.
It’s a great way to help the private sectors for renewable energy.
Report this comment
Like or Dislike:
0 
0
I believe we should continue to provide tax credits to renewable energy and those who use.
It’s a great way to help the private sectors for renewable energy.
Report this comment
Like or Dislike:
0 
0
I believe we should continue to provide tax credits to renewable energy and those who use.
It’s a great way to help the private sectors for renewable energy.
Report this comment
Like or Dislike:
0 
0
Repeal all subs! Every recipient is a drag on the taxpayer at large. I’m fed up with the size and influence of federal money going to programs that should prove their worth to America on a level field. If the people are tired of high prices at the pumps, they will buy more and more fuel efficient vehicles. The demand for gasoline will hit bottom and soon be the fuel of the past. Corn can go back on the table, around the world, where it belongs.
Report this comment
Like or Dislike:
0 
0
Electro-magnetic power,we are surrounded by energy we just need to channel it.
I also thought of using infrasonic seismic waves are incredibly powerfull if
controlled you’d have lot of horsepower lol.
Go Ron Paul
Report this comment
Like or Dislike:
0 
0
Ron Paul 2012!
Lets all chip in and donate to Dr. Pauls campaign on Sept 17th. Lets get him the funds necessary to win this thing and BRING OUR TROOPS HOME!!!
»crosslinked«
Report this comment
Like or Dislike:
0 
0
Ron Paul 2012!
Lets all chip in and donate to Dr. Pauls campaign on Sept 17th. Lets get him the funds necessary to win this thing and BRING OUR TROOPS HOME!!!
Report this comment
Like or Dislike:
1 
0
Got that right.
Report this comment
Like or Dislike:
0 
0
Got that right.
Report this comment
Like or Dislike:
0 
0
Got that right.
Report this comment
Like or Dislike:
0 
0
Got that right.
Report this comment
Like or Dislike:
0 
0
I believe as americans we should invest in clean renewable energy like wind power. It will increase dependancy on green renewables energy sources, decrease dependancy on foreign oil supply, decrease prices on food and gas and most of all for alot of americans it will increase job employment and decrease unemployment. checkout my video on my page and invest in american wind electricity and lets imporve americas future!
Report this comment
Like or Dislike:
0 
0
Saving Prometheus! Prometheus stole fire from the Gods and now we can give it back!
There is now a real road to cutting the price of fuel to a fraction of the cost while producing it in a clean, renewable manner.
Limitless, Clean, Renewable Energy… At Half The Price!
Power a building, a block or a city.
We have a mobile unit which can be used for emergency situations or to build up a location with no present energy.
Pipe hydrogen into AZ for H2O and Energy.
Gravitair com
Report this comment
Like or Dislike:
0 
0
im a ron paul supporter.. and the only reason ron paul wins these things is because his followers are more active than any other.. though ron pauls supporters are significvantly lower.. they raise more money than anyone else and organize more than anyone else… also vote on these polls more.. doesnt really mean there are more supporters because there simply arent
Report this comment
Like or Dislike:
0 
0
Dr DAVID DUKE announces he is embarking on a tour of 25 states to explore how much support he can garner for a potential presidential bid.
WATCH ALSO the VIDEO on You Tube titled…
” David Duke for President? — It’s up to You! “
Report this comment
Like or Dislike:
0 
0
Dr DAVID DUKE announces he is embarking on a tour of 25 states to explore how much support he can garner for a potential presidential bid.
WATCH ALSO the VIDEO on You Tube titled…
” David Duke for President? — It’s up to You! “
Report this comment
Like or Dislike:
0 
1