Senator Bernie Sanders (Independent, Vermont) has introduced a bill today to end all fossil fuel subsidies.
This bill would save taxpayers more than $113 billion over the next 10 years, for starters.
In addition, it would take these tax subsidies away from "Big Oil", one of the most profitable industries and some of the most profitable companies in the nation and the world.
Another benefit would be to not any longer support companies and an industry that
--has us in the Middle East, fighting centuries-old wars and
--has us polluting the air
--has us adding yet more CO2 into the atmosphere, possibly (likely?) contributing heavily and mightily to global warming/climate change.
--adds some water pollution, at least, if not a great deal, before, during and after oil drilling but also makes for the obscene oil spills with tankers or oil rig blowouts or whatever.
And all those are just the minimum negative attributes.
It is long overdue that we end these ridiculous tax subsidies for all the reasons listed above, at least. The country needs it. We need the tax revenue, too. Giving wealthy people and companies tax deductions is just wrong, if not crazy.
If you would, please add and show your support by signing the petition today: http://www.sanders.senate.gov/end-polluter-welfare/
Thursday, May 10, 2012
Hoping to end all "fossil fuel" tax subsidies
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