sailingaway
06-27-2011, 03:08 PM
Ron Paul on Government Subsidies: ‘Anathema to the Constitution’
Paul argued that the difference between subsidies and tax credits or deductions “is night and day, yet so many times they are all lumped together as evil government handouts.” Paul defined a government subsidy as a “government handout” which “amounts to the government taking money from the people and giving it to a favored interest.” Paul added that “this kind of government mischief is anathema to the Constitution and the principles of freedom and the free market.”
On the other hand, Paul described a tax credit or deduction as they way that “industries, business, and individuals simply get to keep more of the money they have earned.” Paul added that, without 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.” As long as the money is being used by the private sector and not wasted by the government, “I’ve almost never met a tax cut, deduction, or credit I didn’t like,” Paul professed.
Paul also made it clear that he doesn’t support ethanol mandates. “I do not think anyone should be forced to use or buy ethanol,” Paul wrote. Paul argued that ethanol mandates are like “corporate welfare” for ethanol producers. Paul, who is known for his candid expressions of his Libertarian beliefs, professed that “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.”
Read more: http://www.thestatecolumn.com/capitol/ron-paul-on-government-subsidies-anathema-to-the-constitution/#ixzz1QVqoX4yX
Paul argued that the difference between subsidies and tax credits or deductions “is night and day, yet so many times they are all lumped together as evil government handouts.” Paul defined a government subsidy as a “government handout” which “amounts to the government taking money from the people and giving it to a favored interest.” Paul added that “this kind of government mischief is anathema to the Constitution and the principles of freedom and the free market.”
On the other hand, Paul described a tax credit or deduction as they way that “industries, business, and individuals simply get to keep more of the money they have earned.” Paul added that, without 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.” As long as the money is being used by the private sector and not wasted by the government, “I’ve almost never met a tax cut, deduction, or credit I didn’t like,” Paul professed.
Paul also made it clear that he doesn’t support ethanol mandates. “I do not think anyone should be forced to use or buy ethanol,” Paul wrote. Paul argued that ethanol mandates are like “corporate welfare” for ethanol producers. Paul, who is known for his candid expressions of his Libertarian beliefs, professed that “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.”
Read more: http://www.thestatecolumn.com/capitol/ron-paul-on-government-subsidies-anathema-to-the-constitution/#ixzz1QVqoX4yX