Senate report says fossil fuel industry set for $190bn in tax breaks after Trump donation call
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A report released Thursday by Senator Sheldon Whitehouse and Senate Democratic leader Chuck Schumer says the fossil fuel industry secured an estimated $190bn in tax breaks and subsidies over the next decade after responding to Donald Trump’s pre-election call for campaign donations. At an April 2024 Mar-a-Lago fundraiser Trump reportedly sought $1bn from executives in exchange for tax breaks and deregulation; the senators say American families face higher energy bills and pollution-related costs.
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