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But Metcalf also confirmed the finding that many fossil fuel activities, particularly oil drilling, get very favorable tax treatment.
FORBES: Corporate Tax Reform and the Energy Sector
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The money from rescinded oil and gas tax breaks would fund alternative and renewable fuel initiatives--and subsidies wouldn't be as generous in a stripped-down version of the bill.
FORBES: Magazine Article
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As such, Governor Brown wants to pursue the idea of increasing oil production there as a way to provide jobs, boost tax revenues and fuel the auto sector.
FORBES: California's Clash: Shale Oil or Green Energy
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At the moment, they are furious about having no say over what amounts to a "tax" levied in the form of extortionate fuel prices driven by the supply-manipulating OPEC oil cartel.
CENTERFORSECURITYPOLICY: 'Tax' Revolt
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In an effort to spur development of a domestic renewable fuel industry and wean the U.S. off of foreign oil, the U.S. government introduced tax credits for ethanol usage with the Energy Tax Act of 1978.
FORBES: Washington's Foolish Fuel Policy