S. 3080, the End Polluter Welfare Act (EPWA), sponsored by Sen. Bernie Sanders (I-Vermont) and Rep. Keith Ellison (D-MN) was introduced on May 10. If enacted, the legislation would eliminate more than $110 billion in US taypayer subsidies to the fossil fuel industry over the next ten years. “Our legislation is the most comprehensive ever introduced,” said Sanders at a rally and press conference at the Capitol. “It ends all tax breaks, special financing arrangements, and federal research and development funding. We ensure that never again can a company like BP take a tax deduction for money spent cleaning up its own mess in the Gulf of Mexico, and we close the loophole that lets tar sands oil pipeline operators avoid paying the oil spill cleanup tax.” Continue reading
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