House Democrats’ Tax Plan Fails to Eliminate Domestic Fossil Fuel Subsidies
From the article linked below:
Environmentalists found a glaring omission when they reviewed the latest plan from House Democrats for raising taxes on the wealthy and corporations to fund the $3.5 trillion budget reconciliation package: There’s no repeal of domestic tax breaks and other subsidies for the fossil fuel industry. Climate activists say such a repeal is crucial for keeping coal, oil and gas in the ground.
Does the failure to repeal subsidies for Big Oil really come as a shock to anyone?
There is a good reason for this. There is a name for U.S. representatives who vote against the interests of the fossil fuel industry. They are called “ex-representatives.”