Hey Congress! Searching for places to cut the Federal Budget?
Here's $13B/year:
http://thinkprogress.org/climate/2012/12/03/1273061/analysis-countries-spend-five-times-more-on-fossil-fuel-subsidies-than-climate-aid/?mobile=nc
Yes, that link is to an analysis for Climate Change, but what it reveals is that there's a bag of Taxpayer's money - - $13B each year - - being spent on various subsidies to private industry for fossil fuels.
And this is in addition to avoiding revenue collection, sincer the fossil fuel energy sector also has quite low (cheap) tax structures and low mineral rights fees.
All told, it is a give-away to the fossil fuel industry, and these three factors all work in concert together to minimize consumer demand for products which are more energy-efficient.
-hh
Monday, December 3, 2012
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