Nonsense. There are no "subsidies" to oil companies. In fact, oil companies pay a larger rate of taxes on their revenues than the majority of companies.
I get very upset with people who repeat talking points about taxation but have no clue how taxation law actually works.
In 2012, Exxon paid $31 $31.05 billion in taxes on Earnings before taxes of $78.73 billion from total revenue of $428.38 billion.






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