"The claim that they're going to get $31 billion from just repealing oil and gas subsidies is obviously absurd," Mike Palicz, the federal affairs manager at Americans for Tax Reform, told Fox News Digital in an interview.
The Biden administration previously stated oil, gas, and coal tax preferences encourage more investment in the fossil fuel sector and are"inconsistent with the Administration’s policy of supporting a clean energy economy." "Talking about the unfair advantage or leveling the playing field for green energy, again, we just passed [the Inflation Reduction Act] with $400 billion worth of green energy crap in it."Last year, meanwhile, Biden's budget proposed stripping fossil fuel subsidies worth more than $45 billion. The administration argued at the time that"tax preferences distort markets by encouraging more investment in the fossil fuel sector.
Booooooo
We need to get this clown to resign. He will bankrupt our country and give it to China.
Hmm, once again. Now your radical left crackpots can understand why GAS GOES UP…its not corporate greed. Idiots, its the assault on the companies for gas. You say profits, yes because they will raise them to cover the taxes they owe. Idiots
BidenSucks
Which will cost us all! So utterly ridiculous
Biden doesn’t even know where he is, or who wrote the bill. they park him in front of a teleprompter each day, then give him his medication and send him to bed…
He is the one that should take a hike
More inflation, this proves he isn't worried about you been able to live or be happy. He is making the rich even richer with this bs. Long as the Dems are getting rich, they could care less if you live or die
He is not just taking aim at them, he is taking aim at all of US. BidenDestroyAmerica
Everything in a plastic container will go up. Every gallon of gas. Heating oil, everything transported to a store, everything will quadruple in price. This will bring a $15 loaf of bread. And farmers need fertilizer & diesel so all if your groceries will go up another 50%!
Then bidens and the Democrat party should have there monopoly privileges. I bet . China would love that.
Oh no, how dare they pay their fair share from the record profits. Mean ol Joey!
Good.
Wasn't Biden bragging about lowering gas prices just a few months ago...Well, so much for that.
Guess who inherits that tax ?