Bernie Sanders No More Tax Breaks For Oil And Gas
In the last 10 years the oil and gas industry spent $700+ million on campaign contributions and $1.5 billion on lobbying.
In return they get hundreds of billions in subsidies every year while destroying the planet.
We must end subsidies and tax breaks for oil and gas companies. pic.twitter.com/K17EAqb26x
— Bernie Sanders (@BernieSanders) May 16, 2019
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[Bernie Sanders No More Tax Breaks For Oil And Gas]
NO MORE TAX BREAKS FOR OIL & GAS
[Bernard Sanders:] Source: LYBIO.net
It is time to end all subsidies and tax breaks for the oil and gas companies.
According to the IMF, the cost of subsidizing fossil fuels in the U.S. exceeds spending on the Pentagon.
An IMF report found that direct and indirect subsidies for coal, oil and gas in the United States reached $649 billion in 2015.
Pentagon spending was $599 billion that same year.
Subsidizing fossil fuel use cost the world $4.7 trillion in 2015 and the IMF estimates that number rose to $5.2 trillion in 2017.
In the last decade alone, the oil gas industry has pumped more than $700 million worth of campaign contributions into federal, state and local elections.
During that same period, they spent more than $1.5 billion lobbying Washington.
The IMF estimates that if fossil fuels were fairly prices in 2015, global carbon emissions would have been slashed by 28 percent and deaths from fossil fuel-linked air pollution would have dropped by nearly half.
The IMF reported that U.S. fossil fuel subsidies in 2015 were the equivalent of $2,028 for every man, woman, and child.
Maybe providing massive support, federal support to an industry that is destroying our planet makes sense to some people, but it sure as hell does not make sense to me.
join the movement.
PAID FOR BY BERNIE 2020
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