End Polluter Welfare Bill Introduced in US Congress

The End Polluter Welfare Act would end fossil fuel subsidies, save over $10 billion a year, and more than $110 billion over 10 years, reports Gina-Marie Cheeseman at the TriplePundit. Vermont Senator Bernie Sanders (I-VT) and Representative Keith Ellison have introduced a Congressional bill that would specifically end tax breaks for fossil fuel companies, plus eliminate special financing, end taxpayer funded research and development, and set fair royalties policies.  Fossil fuels are subsidized at almost six times the rate of renewable energy. From 2002 to 2008, the federal government gave the fossil fuel industry over $72 billion in subsidies compared to $12.2 billion for renewables. Seventy percent of Americans favor ending fossil fuel subsidies, including 67 of registered Republicans. As Senator Sanders put it, people are sick and tired of seeing the same folks who want to cut nutrition programs for hungry children, fight hard for federal tax breaks for some of the most profitable corporations.  Senator Sanders is enlisting citizens by asking them to sign a petition supporting the bill; you can sign at his website:   sanders.senate.gov/end-polluter-welfare/

http://www.triplepundit.com/2012/05/bill-fossil-fuel-subsidies-introduced-congress/

also, Bernie Sanders writes about it himself: http://grist.org/politics/lets-end-polluter-welfare/

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About melharte

Mel (Mary Ellen) Harte is a biologist (PhD) and climate change educator. She co-authored the free online book, COOL THE EARTH, SAVE THE ECONOMY, available at www.CoolTheEarth.US, and writes the CLIMATE CHANGE THIS WEEK column at the HuffingtonPost. Living summers in the alpine Rockies, she is on the frontlines of watching what climate change can do. Her diagnostic digital photographs of wildflowers have appeared in numerous publications.
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