In 1932, the federal government began giving subsidies to the coal industry in order to help the industry recover initial capital investments. Since 1950, the coal industry has received more than $70 billion in subsidies and tax breaks. While coal companies continue to reap higher profits than before, thanks to increasing coal prices, taxpayers still continue to shell out billions of dollars in federal subsidies to these successful companies.
Read TCS’s most recent fact sheet on coal company profits: Download Here
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