Friday, June 10, 2011
"Minerals Mined on Federal Land Spared Taxes..."
Our elected officials/politicians have created so many cases of specialized favoritism for so many things that it's hard to imagine it ever getting back to normal...
William Lajeunesse recently reported on some of it, particularly the mining industry, at FoxNews.com:
"'They don't pay a dime, not a penny for the gold and uranium they remove from public lands,' says Steve Ellis of Taxpayers for Common Sense. 'Virtually every other country in world charges a royalty on hard rock minerals. It is absurd that we don't do this.'
Both mining and oil companies pay corporate taxes, and both get generous write-offs in the tax code.
But mining companies get two huge subsidies oil companies do not: leases and royalties."
