Oil Change International Reacts to House Passage of Republican Reconciliation Bill

In reaction to the U.S. House’s passage of the Trump and Republican reconciliation bill, Collin Rees, United States Campaigns Manager at Oil Change International, made the following statement: 

“Congress has betrayed the working people of this country. This budget bill is the largest-ever transfer of wealth from working families to the ultra-rich and one of the most environmentally destructive pieces of legislation in U.S. history. It will strip healthcare from 17 million people, ensure more families go hungry, and take a sledgehammer to the clean energy economy. The clean energy cuts alone will destroy an estimated 2 million jobs – all to fund tax cuts for billionaires and massive handouts to Big Oil. 

“Research shows the bill includes nearly $18 billion in new giveaways to the fossil fuel industry over the next ten years. That’s on top of the $170 billion in taxpayer-funded subsidies the industry is already set to receive over the next decade. Congress is helping hugely profitable oil and gas companies escape paying even the corporate minimum tax, while brutally cutting Medicaid, SNAP, and programs that help families pay their energy bills. 

“Every member of Congress who voted to prioritize giveaways to Big Oil over meeting the needs of working families struggling to afford groceries, healthcare, and electricity bills should be held accountable for their monstrous actions. Voters will not forget who sold them out to Big Oil billionaires.” 

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Note to Editors: 

• Oil Change International research counts current annual federal and state production subsidies to the fossil fuel industry at nearly $20 billion per year.