usmcpgw Wrote:
Nov 08, 2012 10:11 AM
excise tax on Gulf of Mexico oil and gas $3.4 billion – repeal expensing of tangible drilling costs $62 million – repeal deduction for tertiary injectants $49 million – repeal passive loss exception for working interests in oil and natural gas properties $13 billion – repeal manufacturing tax deduction for oil and natural gas companies $1 billion – increase to 7 years geological and geophysical amortization period for independent producers $882 million – eliminate advanced earned income tax credit Total: $353 billion/10 years destroying jobs in America for his foreign butt buddies