US Taxpayers Will Pay Billions in New Fossil Fuel Subsidies Thanks to the Big Beautiful Bill

https://www.wired.com/story/us-taxpayers-will-pay-billions-in-new-fossil-fuel-subsidies-thanks-to-the-big-beautiful-bill/

by Yansleydale

16 comments

  1. And yet the same people who support this will tell you that taxation to help poor people or provide services is “theft”.

  2. >THE TRUMP ADMINISTRATION has already added nearly $40 billion in new federal subsidies for oil, gas, and coal in 2025, a report released Tuesday finds, sending an additional $4 billion out the door each year for fossil fuels over the next decade. That new amount, created with the passage of the One Big Beautiful Bill Act this summer, adds on to $30.8 billion a year in preexisting subsidies for the fossil fuel industry. The report finds that the amount of public money the US will now spend on domestic fossil fuels stands at least $34.8 billion a year.

  3. Thanks for sharing our piece. Here’s some more context:

    The Trump administration has already added nearly $40 billion in new federal subsidies for oil, gas, and coal in 2025, a report released Tuesday finds, sending an additional $4 billion out the door each year for fossil fuels over the next decade. And guess what, taxpayers are going to pay for it.

    Fossil fuel companies spent millions of dollars getting Trump elected; a report puts the total number at $445 million. Companies are seeing benefits as the administration pursues an aggressive deregulatory agenda, hobbles renewable energy projects, and downplays the importance of climate change.

    “The fossil fuel industry spent hundreds of millions of dollars getting Republicans and Trump elected. They then presented their wish lists. Nearly everything on those wish lists was fulfilled, and in fact, they got a bunch of additional goodies that weren’t even in those wish lists.”

    Read more: [https://www.wired.com/story/us-taxpayers-will-pay-billions-in-new-fossil-fuel-subsidies-thanks-to-the-big-beautiful-bill/](https://www.wired.com/story/us-taxpayers-will-pay-billions-in-new-fossil-fuel-subsidies-thanks-to-the-big-beautiful-bill/)

  4. I think trumph and USA want to go back to golden age of oil dominance, just threaten a country and control oil supply. That ship has sailed now there is alternative source of energy.

  5. Can’t wait to see all the brain dead takes from the crowd that brought you “wind and solar subsidies = BAD.” Amazing how oil and gas still needs subsidies after 100 years of innovation and development

  7. Well yeah that makes sense. Windmills somehow cause cancer, and are a real eyesore, you know? How the blades glide elegantly in the wind? Yeah can’t have that

  8. Well of course. We were going to be paying for renewables and progressing into the future. But now the lobbies for toxic fossil fuels have their guy in place, of course we should funnel money to the industry that’s more costly, less efficient, stuck in the past, and will continue to pollute us until we all get sick & die early. Doesn’t matter they just want their check. Most damaging and regressive admin ever.

  9. Crazy stuff. Let’s watch China and see if they figure out how to not destroy nature while building electric vehicles. So far they haven’t. Luckily they stopped the Idaho mess before it destroyed and water or down stream water. Gotta put the environment first or we won’t have it

  10. Boomers fucking up the world even more than they already have.

  11. I’m looking forward to my money going into American industries and satying local, instead of Chinese manufacturing.

  12. Those poor billion dollar “mom & pop” fossil fuel companies.

    Oh how they struggle to survive….

  13. So dishonest, Wired should be ashamed.

    First their source is a biased group looking to end fossil fuels. So no fact checking.

    Taxpayers are paying nothing, what they are suggesting is if oil companies got no tax breaks then their total tax bill would be greater. Well everyone gets tax breaks. For example they complain if an oil company has to pay royalty payments to a foreign government, the company can deduct those. Well it’s a business expense. Is Ford cheating because they deduce the cost of steel?

  14. They already changed the bills name that’s how bad it is freedom

  16. So…. nothing changing then? Steal from taxpayers and pretend like it came from their oil business has been the industry model for decades in the US.

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