A Quote by Harold Ford, Jr.
Lawmakers misrepresent the facts when they call the manufacturing deduction known as Section 199 - passed by Congress in 2004 to spur domestic job growth - a 'subsidy' for oil and gas firms. The truth is that all U.S. manufacturers, from software producers to filmmakers and coffee roasters, are eligible for this deduction.
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We all remember the BP oil disaster in the Gulf of Mexico, the worst oil spill in U.S. history. What is less well known is that BP is claiming a 9.9 billion tax deduction on the money they had to spend cleaning up their own mess and paying for damages they caused. That is absurd.
In philosophical terms, the opposite of rationalism is not irrationalism but empiricism, that is, a willingness to form beliefs on the basis of experience rather than from a priori deduction. Empirical evidence never yields the dogmatic certainty that accompanies logical deduction.
There are some tax expenditures that are there for very obvious and very important and very good policy reasons. Whether it's the charitable deduction or the deduction for homes, it's not a loophole.
Knowledge is the accumulation of facts wisdom is the deduction from these facts of useful laws, a process which can only take place by comparing the facts in one compartment with those in all others, thus giving a vision of the whole.
Families in my community have seen their taxes go up because of the SALT deduction cap and as a result are questioning whether or not they can afford to live in New Jersey. The loss of the full SALT deduction puts an undue hardship on them.
The deduction of effect from cause is often blocked by some insuperable extrinsic obstacle: the true causes may be quite unknown. Nowhere in life is this so common as in war, where the facts are seldom fully known and the underlying motives even less so.
The precise point at which a tax deduction becomes a 'loophole' or a tax incentive becomes a 'subsidy for special interests' is one of the great mysteries of politics.
Paraphrase, in the sense of summary, is as indispensable to the novel-critic as close analysis is to the critic of lyric poetry. The natural deduction is that novels are paraphrasable whereas poems are not. But this is a false deduction because close analysis is itself a disguised form of paraphrase.
For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. And, so, firms - manufacturing firms - have found it easier to continue producing by - with - reducing their workforces.
I must begin with a good body of facts and not from a principle (in which I always suspect some fallacy) and then as much deduction as you please.
If, occasionally, historical evidence does not square with formulated laws, it should be remembered that a law is but a deduction from experience and experiment, and therefore laws must conform with historical facts, not facts with laws.
We also exchange oil for software technology. Uruguay is one of the biggest producers of software. We are breaking with the neoliberal model. We do not believe in free trade. We believe in fair trade and exchange, not competition but cooperation. I'm not giving away oil for free. Just using oil, first to benefit our people, to relieve poverty.
The grand aim of all science is to cover the greatest number of empirical facts by logical deduction from the smallest number of hypotheses or axioms.
Firms are a bit concerned about things like oil prices and US growth but actually the change (in firms expectations) is quite small so I think broadly theyre looking for more of the same.
Deduction, which takes us from the general proposition to facts again-teaches us, if I may so say, to anticipate from the ticket what is inside the bundle.
First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent.
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