You want political theatre? I’LL show you political theatre
The “discriminatory tax proposals” that gullible FT correspondents Sheila McNulty and James Politi noted are calls for eliminating the generous tax subsidies that oil producers get. McNulty and Politi — who do not quote a single supporter of subsidy reduction in the piece — argue that the 6% income deduction that oil producers get is somehow “discriminatory” because “other” domestic manufacturing income is deducted at 9%. They neglect to mention that oil drilling is, you know, not manufacturing.
This is a John McEnroe moment. ExxonMobil is accusing others of political theatre? You mean the ExxonMobil that continues to fund climate denialism to the tune of hundreds of thousands of dollars despite public pledges not to do so? Or the ExxonMobil that has conducted a coordinated misinformation campaign about climate change? Or the ExxonMobil that piously lectures the rest of us about the free market and then demands billions in taxpayer subsidies?
You couldn’t make this stuff up.
Jonathan Zasloff teaches Torts, Land Use, Environmental Law, Comparative Urban Planning Law, Legal History, and Public Policy Clinic – Land Use, the Environment and Loc…READ more