President Biden is once again taking aim at government subsidies for the fossil fuel industry in his new budget proposal after a contentious year between the administration and the industry. Biden’s proposal – which is highly unlikely to be taken up by Congress — would raise $31 billion by “eliminating special tax treatment for oil and gas company investments, as well as other fossil fuel tax preferences,” said a White House fact sheet. Another fact sheet described the proposal as “cutting wasteful spending on Big Pharma, Big Oil, and other special interests.” Biden has previously proposed getting rid of incentives for this industry, but this year’s proposal comes after he had
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