Obama budget would cut coal subsidies

McClatchy NewspapersFebruary 2, 2010 

President Barack Obama's fiscal 2011 budget would cut roughly $2.3 billion in coal subsidies during the next decade, a move Kentucky lawmakers worry will mean heavy job losses in economically poor but coal-rich regions of Appalachia.

"Coal subsidies are costly to the American taxpayer and do little to incentivize production or reduce energy prices," said a White House Office of Management and Budget analysis released Monday.

"Removing these subsidies would reduce greenhouse gas emissions and generate $2.3 billion of additional revenue over the next 10 years, an amount that represents only a small percentage of annual domestic coal revenues — about 1 percent over the coming decade."

Read the full story at kentucky.com.

McClatchy Washington Bureau is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service