Like Countable?

Install the App
TRY NOW

senate Bill S. 1041

Eliminating Subsidies for the Oil, Gas, and Coal Industries

Argument in favor

The U.S. and the rest of the world need to get past relying on fossil fuels for energy, and cutting off subsidies is a step in that direction that also saves taxpayers money.

AndrewGVN's Opinion
···
10/29/2015
We need to take away benefits from industries that use harmful fossil fuels. Rather, we should put more resources into green energy, or use the subsidies to support small businesses. We have to handle the climate change in some way (as most scientists agree that it's actually real) and taking away the subsidies from these industries is a good step forward in the process to become a more green country. This will also eliminate $135 billion going towards subsidies in a 10 year time period.
Like (250)
Follow
Share
Tjjones83's Opinion
···
09/04/2015
Time to get rid of the real welfare queens, Big Oil.
Like (136)
Follow
Share
···
10/29/2015
Exxon Mobil was awarded several years ago the prestigious honor of being the most profitable corporation in world history, and we are still giving them billions upon billions of dollars in free money. Corporate welfare has to end, especially for hypermassive conglomerates. If your business can be classified as a Fortune 500 contender, you do not need a government handout.
Like (76)
Follow
Share

Argument opposed

If the U.S. eliminates subsidies for the fossil fuel energy industry, why not get rid of subsidies for wind, solar, and biofuels too to make the playing field level?

CaptKG's Opinion
···
10/30/2015
While I'm in favor of removing subsidies, it needs to be for both fossil fuels and green energy. Let the markets decide which prevails, not government.
Like (62)
Follow
Share
SherryTX's Opinion
···
11/15/2015
There shouldn't be subsidies for any industry. It is what it is.
Like (49)
Follow
Share
Cameron's Opinion
···
09/16/2015
"Green" energy is more expensive and doesn't provide the majority of our power.
Like (31)
Follow
Share

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Committee on Finance
    IntroducedApril 22nd, 2015
    We need to take away benefits from industries that use harmful fossil fuels. Rather, we should put more resources into green energy, or use the subsidies to support small businesses. We have to handle the climate change in some way (as most scientists agree that it's actually real) and taking away the subsidies from these industries is a good step forward in the process to become a more green country. This will also eliminate $135 billion going towards subsidies in a 10 year time period.
    Like (250)
    Follow
    Share
    While I'm in favor of removing subsidies, it needs to be for both fossil fuels and green energy. Let the markets decide which prevails, not government.
    Like (62)
    Follow
    Share
    Time to get rid of the real welfare queens, Big Oil.
    Like (136)
    Follow
    Share
    Exxon Mobil was awarded several years ago the prestigious honor of being the most profitable corporation in world history, and we are still giving them billions upon billions of dollars in free money. Corporate welfare has to end, especially for hypermassive conglomerates. If your business can be classified as a Fortune 500 contender, you do not need a government handout.
    Like (76)
    Follow
    Share
    There shouldn't be subsidies for any industry. It is what it is.
    Like (49)
    Follow
    Share
    Save subsidies for businesses that need them. Oil & gas do not.
    Like (48)
    Follow
    Share
    "Green" energy is more expensive and doesn't provide the majority of our power.
    Like (31)
    Follow
    Share
    All countries compete over resource extraction using various royalty/tax regimes or more complicated incentive structures. Tying our hands in negotiations with operators will drive investment elsewhere and raise prices for domestic use while at the same time being an environmental wash at best since the countries that the investment goes to may or may not have comparable environmental laws. So vote yea, if you want to pay more for a dirtier planet.
    Like (18)
    Follow
    Share
    With the election of Trump as President, the weakening of the EPA, the installation of Tillerson as Secretary of State, and Perry as the head of the Department of Energy and many other players who have had waivers for conflict of interest signed by the President this Administration is front loaded with people who have special interest in petroleum based products. Is it any wonder that Trump just withdrew the US from the Paris Agreement, forced the Dakota Pipeline, with all it's leaks, through sacred Native America lands, and wants to open protect national lands to drilling. Where will he be stopped? By removing the federal supports for the petroleum industry and strengthening the supports for "green" energy there will be less incentive petroleum and more for the renewal "green" resources that we should be developing and investing in for the future. This would support solar, wind, biomass, .... The Trump Administration and Republican Congress is interested in lining their pockets when they should be preparing for the future of our children and grandchildren.
    Like (12)
    Follow
    Share
    If oil and gas corporations require a taxpayer subsidies they need to get out of the business. This DOES NOT mean that depreciation and normal balance sheet deductions are disallowed. We do still support business don't we? Capitalism has dragged our ass this far, so there is reason to ending this symbiotic relationship. Taxpayers invest in capital corporations and corporation pay dividends to taxpayers. And the corporate labor force benefits with a job and paycheck. That's symbiotic, not saprophytic.
    Like (11)
    Follow
    Share
    The age of fossil fuel is over. Fund, develop, and transfer all fossil fuels to the future economy in renewables.
    Like (10)
    Follow
    Share
    I do not believe that completely eliminating the subsidies will benefit us, it will only make many Americans unable to pay their energy bills. Killing the subsidies will make the energy companies raise prices, emptying the pockets of Americans. I do believe the subsidies for fossil fuel companies should begin to decrease, making them more expensive gradually, as subsidies for clean energy increase, gradually lowering the cost of clean energy. This incentivizes the clean energy, making the change from fossil fuels to renewable energy not a wallet buster for Americans. Start the process, but don't kill the fossil fuel subsidies just yet!
    Like (10)
    Follow
    Share
    This is a viable industry with massive profit margins, why should we continue to subsidize it?
    Like (10)
    Follow
    Share
    The oil industry has done so well in the past and has continued to survive because of these subsidies. It's time to invest in new cleaner energy that also is safer for our air.
    Like (5)
    Follow
    Share
    They get more money than they need. No more breaks.NO MORE FREE MONEY!!!!!
    Like (5)
    Follow
    Share
    WHY HAS THIS BE CONTINUED UNTIL NOW? The coal industry Etc.. Are rich from GOVERNMENT HANDOUTS!
    Like (5)
    Follow
    Share
    Put an name to the people getting the cash.
    Like (4)
    Follow
    Share
    The government gives handouts to a thriving industry that is a major contributor to climate change, this should be stopped.
    Like (3)
    Follow
    Share
    We should provide subsidies for the better of the Earth, rather than a corporate checking account.
    Like (3)
    Follow
    Share
    We should move toward alternative energy sources and eliminating these subsidies is taking a step in that direction.
    Like (3)
    Follow
    Share
    MORE