Sanders, Omar Aim to Close Tax Loopholes for Oil and Gas Sector

摘要

Tax loopholes and federal subsidies that benefit the oil, gas, and coal industries would be eliminated under a bill proposed by Senator Bernie Sanders and Rep. Ilhan Omar. 1."We should be fighting for a greener, more equitable future for all instead of making the fossil fuel industry more profitable," says Omar in statement 2.Bill also proposes updating below-market royalty rates for oil and gas production on federal lands and prohibiting taxpayer-funded fossil fuel research 3.NOTE: Biden Tax Plan Targets Fossil Fuel Subsidies Worth $35 Billion.