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SleeplessinSoCal

(10,437 posts)
5. Gouging and yet they get subsidies and tax breaks to make trillions.
Thu May 19, 2022, 07:52 PM
May 2022

It's a natural resource doing great harm, with little oversight. They pay as much as necessary to keep pumping - into their coffers!!! They've totally abused their responsibility as providers of a vital service.

https://www.visualcapitalist.com/charted-5-trillion-in-fossil-fuel-subsidies/#:~:text=However%2C%20after%20two%20years%20of,rise%20year%2Dover%2Dyear.

Dems tried last year.
https://www.congress.gov/bill/117th-congress/house-bill/2184

Tax them. Not us. That subsidy funding should go to businesses passing costs to consumers in order to prevent the endless cycle of price increases.

https://www.investopedia.com/articles/investing/011216/understanding-how-oil-companies-pay-taxes.asp

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