The Trump budget is full of giveaways to coal and oil companies

  This week, the Trump administration released its proposed budget for funding the federal government in 2019. With extensive cuts to health care, schools, scientific research, and nutrition assistance, Americans across the country would suffer under this proposal. However, there are some clear winners who would benefit from the Trump budget, particularly, the fossil fuel industry.

  After receiving billions in tax cuts at the end of last year, oil and gas companies can expect another year of record-breaking profits. While Exxon alone received $5.9 billion in tax breaks, companies that do oil exploration can expect an additional $190 billion in profits. And Wednesday, the second-largest coal company in the country, Arch Coal, announced the new tax plan would lower their tax rate to “effectively zero.” To pay for these giveaways, the Trump budget proposes cutting several programs that enforce pollution laws, fund clean energy innovation, and protect outdoor places. Trump’s cuts effectively subsidize oil, gas, and coal companies, severely hamper renewable energy growth, all while weakening protections for public health and the outdoors.