Biden Budget Proposes Elimination of Oil, Gas Tax Subsidies

Biden Budget Proposes Elimination of Oil, Gas Tax Subsidies

March 14, 2023

U.S. President Joe Biden’s 2024 budget proposes to eliminate tax subsidies for oil and gas, a White House fact sheet has revealed. 

“The president is committed to ending tens of billions of dollars of federal tax subsidies for oil and gas companies,” the fact sheet noted.

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