“Voters will reward politicians who stand up for people, not polluters, and taxing windfall profits is wildly popular in every part of the country,” said Collin Rees.
“Congress must crack down on Big Oil’s insatiable greed by taxing these windfall profits and moving the United States and the world to renewable energy as quickly as possible,” said Collin Rees.
“With sky-high energy prices, it’s mind-boggling to allow the fossil fuel industry to rake in record profits at the expense of working families. What’s needed now is immediate relief for American consumers, which is what this commonsense windfall profits tax bill would provide,” said Rees.
Over 500 organizations, including a wide range of health, faith, environmental, and other groups across the United States released a letter today calling on Congressional leadership to eliminate the fossil fuel subsidies embedded in the U.S. tax code.
Over 500 groups released an open letter being sent to U.S. House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, urging them to end fossil fuel subsidies.
The Republican assault on hard-working American families and the environment reached an unprecedented level late on Friday night
This tax bill will be no surprise, but it would be a disaster. It is the latest example of GOP efforts to prop up the dirty fossil fuel industry and their corporate cronies while giving short shrift to American families.
It’s unfortunately fitting that Trump chose an oil refinery to stage his speech on ‘reforming’ the tax code. He’s railed against special interest loopholes, but Trump’s so-called energy dominance agenda relies on massive taxpayer handouts to oil, gas, and coal companies.