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U.S. Taxpayers Have Subsidized Fossil Fuels For 111 Years, And Counting

17 Mar 2024 | Abstracted from Post-Gazette

Biden "new budget proposal calls for the elimination of $35 billion in tax breaks that would otherwise be provided to the industry over the next decade...In Washington, it seems, oil and gas subsidies are the zombies of the tax code: impossible to kill.

"The oil and gas industry enjoys nearly a dozen tax breaks, including incentives for domestic production and write-offs tied to foreign production.



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