Liberals target 'absurd' tax breaks for fossil fuels
Source: The Hill
Two liberal lawmakers are marking Earth Day by calling for an end to tax breaks for the fossil fuel industry.
Sen. Bernie Sanders (I-Vt.) and Rep. Keith Ellison (D-Minn.) on Wednesday introduced legislation that would end tax preferences for oil, natural gas and coal companies. They say their bills could save $135 billion over 10 years.
"At a time when scientists tell us we need to reduce carbon pollution to prevent catastrophic climate change, it is absurd to provide massive taxpayer subsidies that pad fossil-fuel companies’ already enormous profits," Sanders said in a statement.
Ellison said the companies "don't need any more tax giveaways."
Read more: http://thehill.com/policy/energy-environment/239700-liberals-target-absurd-tax-breaks-for-fossil-fuels
= new reply since forum marked as read
Why should people who are barely getting by be burdened with the extra taxes from handing barrels of $$ to the richest corporations?
