President Biden Struggles to Deliver on Billion-Dollar Promise to End Oil Subsidies
President Biden’s Battle Against Oil Industry Subsidies
President Biden promised to stop giving money to big oil companies but he’s having a tough time keeping that promise, according to The New York Times. He wanted to remove $35 billion in tax breaks for these companies over the next ten years but he’s facing opposition from the oil industry, Republicans and even some Democrats. This shows a big fight between protecting the environment and the powerful oil interests in Washington.
For a long time, the government has been giving special treatment to oil and gas companies making it easier for them to make profits. President Biden wants to change that because he thinks it’s not fair and it’s bad for the environment. However, some people say these tax breaks are important for keeping jobs and making sure energy prices stay low.
President Biden Struggles to Deliver on Billion-Dollar Promise to End Oil Subsidies. (PHOTO: Reddit)
Senator Manchin and Oil Industry Push Back Against Biden’s Billion-Dollar Bid to Transform Energy Policies
Even though many countries and experts say we need to stop using so much oil and gas to help the planet it’s hard to change things in America. People like Senator Joe Manchin and the oil industry are pushing back against Biden’s plans. This fight will show us if the government can really make a big change in how we use energy in the future.
