FIRST ON FOX: The No. 3 Republican in the Senate is accusing the Biden administration of “throwing away” the U.S. energy sector in his recently unveiled budget proposal that would punish fossil fuels with higher taxes and award “lavish subsidies” to green energy initiatives.
“America is fortunate to have abundant energy resources. Our nation needs to be focused on unleashing American energy and innovation instead of throwing away one of our biggest economic and geopolitical advantages,” Senate GOP Conference Chair John Barrasso, R-Wyo., wrote in a Thursday letter to Treasury Secretary Janet Yellen.
“There are more than a dozen… energy tax provisions in the crosshairs of the administration’s tax plan, all of which pale in comparison to the lavish subsidies afforded to the renewable energy industry,” Barrasso wrote of Biden’s fiscal year 2024 budget plan.
RICK SCOTT REBUKES BIDEN IN BUDGET LETTER TO WHITE HOUSE, SAYS HE HAS MADE ‘THE SITUATION WORSE’
The president’s budget proposal would strip traditional U.S. energy industries …