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During a Wednesday press conference to promote his “Build Back Better” agenda, President Biden pledged to end tax breaks for energy companies in the fossil-fuel business, raising $90 billion dollars in revenue for the federal government.
The president justified the proposal as it would “make polluters pay to clean up the messes they’ve made,” seemingly nodding to oil spills, natural gas leaks, and other mishaps.
“We’re not asking them to do anything that is unfair. We’re just not going to subsidize them anymore, they’re doing well thank you,” Biden said in reference to the oil conglomerates.
https://www.nationalreview.com/news...ollars-worth-of-tax-breaks-for-gas-companies/
The president justified the proposal as it would “make polluters pay to clean up the messes they’ve made,” seemingly nodding to oil spills, natural gas leaks, and other mishaps.
“We’re not asking them to do anything that is unfair. We’re just not going to subsidize them anymore, they’re doing well thank you,” Biden said in reference to the oil conglomerates.
https://www.nationalreview.com/news...ollars-worth-of-tax-breaks-for-gas-companies/