Biden’s Plan Looks To Eliminate $35 Billion Fossil Fuel Subsidies  

The $2-trillion infrastructure and tax plan of U.S. President Joe Biden proposes to eliminate tax preferences and implicit subsidies for fossil fuels that would boost government receipts by more than $35 billion over the next decade, the U.S. Treasury said in the Made in America Tax Plan Report this week. President Biden’s plan on fixing the nation’s infrastructure unveiled last week proposes to “eliminate tax preferences for fossil fuels and make sure polluting industries pay for environmental clean up.” The President…