Toddsterpatriot
Diamond Member
What tax incentives encourage energy production from fossil fuels?
Tax subsidies for oil, gas and coal development are expected to reduce federal revenue by $12.9 billion from 2022 to 2026 (figure 1). The three...www.taxpolicycenter.org
Provisions of the federal income tax that subsidize domestic production of fossil fuels include the expensing of exploration, development, and intangible drilling costs;
I know, writing off business expenses.......it's an outrage!!!