Biden Tax Plan Targets Fossil Fuel Subsidies Worth $35 Billion
President Joe Biden’s plan to eliminate subsidies claimed by oil and gas companies and raise levies on corporate polluters would increase government receipts by $35 billion over the coming decade.
The benefits of these subsidies are currently concentrated “within a handful of large firms,” the Treasury said in the Made In America Tax Plan released Wednesday. The report expands on tax proposals in Biden’s $2.25 trillion economic package unveiled last week.
Biden Tax Plan Targets Fossil Fuel Subsidies Worth $35 Billion - BNN Bloomberg
President Joe Biden’s plan to eliminate subsidies claimed by oil and gas companies and raise levies on corporate polluters would increase government receipts by $35 billion over the coming decade.www.bnnbloomberg.ca
His mom keeps the fridge full .Oil is still going to flow, this won't stop people from driving.. just make it more expensive for the Middle Class to get to work..
It will however raise home heating costs, cost to transport goods such as food from Texas, Florida and California to a local store near you.. and I'm sure the grocery stores are not going to be benevolent and not raise their prices..
Canadian families will pay nearly $700 more for groceries in 2021, report says
The average Canadian family will pay up to an extra $695 for food next year, as the pandemic, wildfires and changing consumer habits drive up grocery bills to the highest increase ever predicted by an annual food price report.www.ctvnews.ca
Oil prices affect the cost of food in many ways
When the price of oil increases, not only does it raise the cost of visiting the gas pump, but it also can increase the cost of going to the grocery store. Energy prices have a big effect on the fo…www.columbiatribune.com
I guess Flossy is happy seeing people struggle for food
Now if only fossil fuels had subsidies to cancel. Unlike electric cars that get huge government subsidies from purchase right through to scrap yard.
Biden Tax Plan Targets Fossil Fuel Subsidies Worth $35 Billion
President Joe Biden’s plan to eliminate subsidies claimed by oil and gas companies and raise levies on corporate polluters would increase government receipts by $35 billion over the coming decade.
The benefits of these subsidies are currently concentrated “within a handful of large firms,” the Treasury said in the Made In America Tax Plan released Wednesday. The report expands on tax proposals in Biden’s $2.25 trillion economic package unveiled last week.
Biden Tax Plan Targets Fossil Fuel Subsidies Worth $35 Billion - BNN Bloomberg
President Joe Biden’s plan to eliminate subsidies claimed by oil and gas companies and raise levies on corporate polluters would increase government receipts by $35 billion over the coming decade.www.bnnbloomberg.ca
You still don't know the difference between a subsidy and a tax credit.I'm still a hypocrite, why?
Must be. The green bean declared it so.Is it?
They have to now. Called inclusion and it applies to the not so woke crowd as well.He isn't smart enough. They don't hire brain injury and molly burnout cases as shills.
Remember when people would by electric golf carts using government subsidies mean for regular electric cars?Now if only fossil fuels had subsidies to cancel. Unlike electric cars that get huge government subsidies from purchase right through to scrap yard.
Subsidies that will go to oil companies for green energy. Sweet.
Dear Mentalone, Will you please explain why you equate the depletion allowance used by the nasty oil and gas producers with the subsidies provided to the unprofitable brown energy-producing solar and wind sector?