End Polluter Welfare Act
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 Ellison’s 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.