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Cutting $1.6B from EPA, Spending $4B on Oil Subsidies

12 Feb 2011  |   Damien Shirley

Tags: Congress

Next week, the House is likely to take up a continuing resolution that will likely contain deep cuts for environmental programs, including a $1.6 billion cut for the EPA's funding this year.

Some of the same Representatives who are demanding those cuts are going all-out to protect subsidies for oil companies, which will cost taxpayer nearly $4 billion this year.

As The New York Times reports, "tax breaks are available at virtually every stage of the [oil] exploration and extraction process." For example, BP wrote off nearly 70% of the rent for their Deepwater Horizon oil rig, which amounted to a deduction of more than $225,000 a day.

According to no less an authority than a former oil industry CEO, oil companies don't need taxpayer-funded subsidies to survive. This raises the question: why is funding for the agency that keeps our air and water clean on the chopping block while expensive, unnecessary oil subsidies are off-limits?

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