Bernie Sanders - Let's End Polluter Welfare

A time when we have more than $15 trillion national debt, American taxpayers are set to give away over $110 billion dollars to the oil, gas, and coal industries over the next decade. Clearly, we cannot afford it. When the five largest oil companies made over $1 trillion in profits in the last decade, with some paying no federal income taxes for part of that time, they certainly do not need it. 

It is time we end this corporate welfare in the form of massive subsidies and tax breaks to hugely profitable fossil fuel corporations. It is time for Congress to support the interests of the taxpayer instead of powerful special interests like the oil and coal industries. That is why I joined with Congressman Keith Ellison to introduce legislation in the Senate and the House called the End Polluter Welfare Act. Our proposal is backed by grassroots and public-interest organizations including 350.org, Friends of the Earth, Taxpayers for Common Sense, and many others.

It is immoral that some in Congress advocate savage cuts in Medicare, Medicaid, and Social Security while those same people vote to preserve billions in tax breaks for Exxon Mobil which is the most profitable corporation in America. It is equally obscene that as those members of Congress fight to continue never-ending fossil fuel subsidies worth tens of billions, they are working overtime to deny a one-year extension for key sustainable energy incentives for the emerging wind and solar industries. Instead of passing strong legislation to help reverse global warming, Congress continues the giveaways to the 200-year-old fossil fuel industry even as that industry's carbon pollution wreaks devastation on our planet. Enough is enough. 

Read More:

http://www.opednews.com/articles/Let-s-End-Polluter-Welfare-by-Bernie-Sanders-120521-833.html