396: 200 Hundred Million Ninjas
Senate Resolution 2204, Section 199 Tax Deductions
An analysis of Senate Resolution 2204 reveals that the "repeal" of oil subsidies actually targets Section 199 of the Internal Revenue Code, which provides a 9% deduction for domestic production. The hosts point out that this deduction also applies to the film industry and software companies like Apple, suggesting that removing it only for oil companies would simply increase consumer gas prices.

