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> Cutting off the $650B in fossil fuel subsidies over the course of 15 years pay for a little over half of the plan. That's not how subsidies work. "Subsidies
by nostromo 7y ago
> Cutting off the $650B in fossil fuel subsidies over the course of 15 years pay for a little over half of the plan.
That's not how subsidies work. "Subsidies" here are just lower tax rates for R&D spending.
If those tax breaks go away, so do most of the energy projects associated with them. The taxable income would shrink, and you'd have less money, not more.