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CBO Debunks Myth That Tax Code Favors Oil Over Renewables

Heritage’s The Foundry:

As the chart shows, renewable energy is far more heavily subsidized by tax carveouts than any other energy sector, including fossil fuels.

The chart does not, however, take into account the level of those subsidies in proportion to the amount of energy that each sector creates. By that measure, renewables’ federal subsidies are even more lopsided.

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So, get over there and take a look at that chart.

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