Search Results: keywords:"fossil fuel subsidies"

  • H. R. 8554 — To eliminate certain subsidies for fossil-fuel production.
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    Status:Introduced in House
    Words:15,219

    H. R. 8554, known as the “End Polluter Welfare Act of 2024,” aims to eliminate subsides and tax benefits for fossil-fuel production in the United States. The bill proposes changes to existing laws to increase royalties and taxes on fossil fuels, cut down on tax breaks and...

    Simple Explanation

    H. R. 8554 wants to stop giving money help and tax breaks to companies that use oil, gas, and coal, and instead make them pay more to help the Earth stay clean. This means making these companies pay more money if they spill oil and use the land, and trying not to let government money be used for things that help them find and use more oil, gas, and coal.

  • S. 4406 — To eliminate certain subsidies for fossil-fuel production.
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    Status:Introduced in Senate
    Words:15,060

    S. 4406, titled the "End Polluter Welfare Act of 2024," seeks to eliminate various subsidies that support fossil-fuel production. The bill intends to increase royalties in certain energy sectors, remove limits on liability for oil facilities, and terminate tax benefits that...

    Simple Explanation

    The End Polluter Welfare Act of 2024 aims to stop giving extra money and help to companies that dig for oil, gas, and coal, encouraging them to focus more on clean energy instead. This means these companies might have to pay more and won’t get special tax breaks, as the government wants to protect the environment better.