Oil Industry Keeps Unfair Tax Credits

Repeal Big Oil Tax Subsidies Act Fails to Pass

This bill would have taken the revenue raised by repealing tax loopholes to the five most profitable oil companies in the world and extended expiring incentives for alternatives to oil as well as wind and efficiency.

Unfortunately, like previous efforts to eliminate billions of dollars in tax giveaways which benefit big oil companies at the expense of taxpayer, this bill was thwarted by those who put big polluters before their constituents.

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