Playinghardball
Playinghardball's JournalBernie Sanders Introduces the End Polluter Welfare Act...
Wednesday, April 22, 2015
WASHINGTON, April 22 As the nation marked Earth Day, Sen. Bernie Sanders (I-Vt.) and Rep. Keith Ellison (D-Minn.) introduced legislation to close tax loopholes and eliminate other subsidies for the oil, gas and coal industries.
Subsidies for polluters now in place are projected to cost taxpayers more than $135 billion in the coming decade.
Sanders Senate bill and Ellisons companion measure filed today in the House would remove tax breaks for fossil-fuel industries and ensure that taxpayers receive a fair return for energy resources owned by the American people and make research into renewable energy a national priority. The measures also would prevent companies from escaping liability for spills or deducting cleanup costs from their taxes.
At a time when scientists tell us we need to reduce carbon pollution to prevent catastrophic climate change, it is absurd to provide massive taxpayer subsidies that pad fossil-fuel companies already enormous profits, Sanders said.
At a time when fossil-fuel companies are racking up record profits, it is absurd to provide massive taxpayer subsidies to pad their already enormous earnings, Sanders said.
The biggest U.S. oil company made more than $32 billion in profits last year. They dont need any more tax giveaways, Ellison said.
The five most profitable oil companies (ExxonMobil, Shell, Chevron, BP and ConocoPhilips) together made more than $1 trillion in profits over the past decade.
The legislation is supported by environmental groups including the League of Conservation Voters, Sierra Club, Friends of the Earth and others.
http://www.sanders.senate.gov/newsroom/press-releases/end-polluter-welfare-act
Tom Toles: Why Are You a Republican?
Why Are You a Republican?
http://www.washingtonpost.com/news/opinions/wp/2015/04/20/why-are-you-a-republican/
Entitlement, you say?
In North Korea people are forced to listen to propaganda...
John Fugelsang tweet: "to fight AIDS in Africa."
· 22h 22 hours ago
At my Mom's church they passed around 2nd collection basket, "to fight AIDS in Africa." So I put in a box of condoms.
Bernie Sanders: RT if you think the TPP should be stopped....
https://twitter.com/hashtag/NoFastTrack?src=hash
B.Sanders: It's time that corporate America created jobs in this country, not in low-wage countries
GOP Logic: "Fuck the poor. the rich need more!"
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