“It’s time to stop subsidizing them and start facing the climate crisis,” says a BailoutWatch analyst. Bolstering arguments against providing further public benefits to the fossil fuel industry, a BailoutWatch analysis published Friday reveals that 77 companies got a collective $8.24 billion tax bailout last year, then laid off tens of thousands of employees. The tax benefits […]
WASHINGTON – Two U.S Capitol Police officers were injured Friday when a driver slammed a car into a barricade outside the U.S. Capitol. One of the officers later died at a hospital. According to the U.S. Capitol Police, the suspect exited a car with a weapon but was taken into custody. Local law enforcement told […]
“Cleaner and lower-cost wind and solar, coupled with battery storage, will drive fossil fuels out of the market.” The nation’s transition from dirty to renewable energy is “nearing exponential growth”—a shift set to usher in “transformative” impacts within a handful of years. So declares the Institute for Energy Economics and Financial Analysis (IEEFA) in its “U.S. […]
WASHINGTON – The Biden administration is planning to fund most of a massive investment in U.S. infrastructure and jobs by raising tax rates on the wealthy and on businesses. But a new study shows that wealthy individuals are already holding back about $175 billion in taxes every year through complex tax evasion schemes. Further, experts […]