Obama will cut dirty energy industry tax breaks
It's no secret that I'm a big fan of the Obama administration. They aren't perfect (no one is) and I don't agree with 100% of their decisions, but on the whole I think they're making the right calls.
Last week, the Obama Administration released details from their proposed fiscal 2010 budget that ends $26 billion in tax cuts to the oil and gas industry.
It's obscene that our country gives $26 billion dollars to oil and gas companies that have been reaping massive profits from historically high energy prices. It's criminal to give tax breaks to industries that pour pollution into our air and I'm glad my taxes won't be used anymore to make ExxonMobil richer.
Give the money to clean energy, build a truly green and sustainable energy system, and let's get past even having to talk about oil and gas. They belong, with coal, on the refuse heal that will be the Wikipedia entry for Energy 1.0.
The opinions expressed by MNN Bloggers and those providing comments are theirs alone, and do not reflect the opinions of MNN.com. While we have reviewed their content to make sure it complies with our Terms and Conditions, MNN is not responsible for the accuracy of any of their information.