America’s Most Obvious Tax Reform Idea: Kill the Oil and Gas Subsidies
Mar 20, 2013
In a recent article in The Atlantic on oil and gas subsidies, Jordan Weissmann cites data from The Hamilton Project’s “Eliminating Fossil Fuel Subsidies” by Joseph Aldy, Assistant Professor of Public Policy at the Harvard University John F. Kennedy School of Government. In the paper, Aldy proposes eliminating twelve subsidies to help level the playing field among fossil fuel producers relative to other businesses, and lead to potentially lower global fuel prices by providing the United States with increased leverage in negotiations over eliminating fossil fuel subsides in the developing world. Weissmann discusses forecasts from independent analysts included in Aldy’s paper that show eliminating the subsidies would have a limited effect on U.S. drilling activity. To read the full piece, click here.