Sen. Bernie Sanders (I-Vt.) introduced a bill that would eliminate tax subsidies for the oil, gas and coal industries, reports The Hill.
The End Polluter Welfare Act, S. 1762, would end $100 billion worth of tax breaks for the industries over 10 years, reports Ramsey Cox of The Hill.
“At a time when fossil fuel companies are racking up record profits, it is time to end the absurdity of American taxpayers providing massive subsidies to these hugely profitable fossil fuel corporations,” Sanders said Nov. 21 upon introducing the bill.
