29 Jul '11, 1pm

We can save $78 billion by ending oil and gas subsidies:

We can save $78 billion by ending oil and gas subsidies:

As the debt showdown between President Obama and top House Republicans drags on, you've probably been hearing about the billions in tax subsidies we give to the oil and gas industry each year. And if you haven't been, you should be; eliminating those subsidies would be a great way to reduce spending without raising taxes or cutting services. So what does all that money go toward? And aside from a broken climate and oil spills, what exactly does it buy? Fossil-energy companies get tax exemptions, free access to drill on public land, special accounting rules to hide profits, protection from foreign competition through import tariffs and regulations ... and the list goes on. We give so many favors to oil and gas companies that it's hard to keep track. Luckily, the determined wonks at Taxpayers for Common Sense have done it for us. The charts below tease out the biggest oil an...

Full article: http://www.grist.org/energy-policy/2011-07-29-we-can-save...

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Save the Date | :: WOOHOO

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SPA July 31, 2011 16:29 I will need the save the $$ as well.. Leave a Reply Cancel reply Name Email (will not be published...

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