Friday, 22 March 2024

The Zombies of the U.S. Tax Code: Why Fossil Fuels Subsidies Seem Impossible to Kill

As a candidate in 2020, Joseph R. Biden Jr. campaigned to end billions of dollars in annual tax breaks to oil and gas companies within his first year in office.

It’s a pledge he has been unable to keep as president.

Mr. Biden’s budget request to Congress this week was his fourth attempt to eliminate what he called “wasteful subsidies” to an industry that is enjoying record profits.

https://www.nytimes.com/2024/03/15/climate/tax-breaks-oil-gas-us.html?unlocked_article_code=1.dk0.W7A7.joAtOYMSwnPe&smid=url-share

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