Ending subsidies helps budget and environment

Posted by Christine, August 25, 2011

Renee Schoof reports that both sides agree that using the “Green Scissors would help. I’m waiting to see what happens. These industries have major loobbying power.

WASHINGTON — Budget-slashers in Washington could get a jump-start toward their goal by eliminating environmentally harmful subsidies, an unusual coalition of conservative and liberal groups advised Wednesday.

The coalition agreed in a report that many programs Congress has been protecting for years should be eliminated, including subsidies for coal, oil and gas, the ethanol tax credit, farm subsidies and nuclear and solar loan guarantees.