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Biden's budget takes aim at fossil fuel
industry with tax hikes

Original Article

Posted By: NorthernDog, 3/9/2023 7:51:29 PM

President Biden unveiled his proposed budget for fiscal year 2024 on Thursday, which in part took aim at billions of dollars of tax subsidies the White House said benefit the fossil fuel industry. According to the White House, the proposed budget would strip $31 billion worth of "special tax treatment" for oil and gas company investments in addition to other fossil fuel tax preferences. The release further criticized oil companies for raking in record profits last year and for failing to invest in greater energy production. "The President is committed to ending tens of billions of dollars of federal tax

Comments:

Keep in mind that Biden has vowed to end fossil fuel usage. The people using it (all of Us) will suffer greatly.

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Reply 1 - Posted by: BeatleJeff 3/9/2023 7:58:27 PM (No. 1421450)
DOA
5 people like this.

Reply 2 - Posted by: JHHolliday 3/9/2023 8:01:35 PM (No. 1421453)
Biden, or rather the Communist cabal that directs the senile old fool, is determined to destroy this country. There is no other way to explain the horrible acts that they propose. Traitors of the Deep State.
7 people like this.

Reply 3 - Posted by: DVC 3/9/2023 8:57:31 PM (No. 1421471)
#1 is correct. Joe's budget is going nowhere.
5 people like this.

Reply 4 - Posted by: mifla 3/10/2023 6:51:03 AM (No. 1421643)
Tax, tax, and more tax. SSDD
1 person likes this.

Reply 5 - Posted by: thomthomp 3/10/2023 9:07:53 AM (No. 1421731)
Standard socialist policy - tax what works, subsidize what doesn't. That includes people.
0 people like this.

Reply 6 - Posted by: Historybuff 3/10/2023 4:35:39 PM (No. 1422060)
Think things are expensive now? Just wait - when you cut off the way things get to the market don't be surprised when everything that uses it costs more. If you don't understand this, you should not be allowed to graduate the 7th grade.
0 people like this.

Reply 7 - Posted by: JimBob 3/10/2023 6:42:57 PM (No. 1422144)
That is, Tax Hikes on the 'Fossil Fuels Industry' CUSTOMERS! (Including anyone who uses coal, natural gas (including electricity generated using coal or natural gas), gasoline, Diesel fuel, petroleum products like oil or plastics) or anything that used said fuels in its manufacture or transport for sale... in other words, ALL OF US.
0 people like this.

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