Stop the Tax Exemption for Big Oil

The proposed tax loophole exempting fossil fuel companies from the corporate alternative minimum tax would be an egregious handout to profitable oil giants. These corporations have been exploiting loopholes to pay little to no federal income tax for far too long, even as they rake in billions from high energy prices that burden American families. Giving domestic drillers like ConocoPhillips and Ovintiv yet another massive tax break is an insult to working people struggling with rising costs. At a time when investing in renewable energy is critical for energy security and climate action, this giveaway would instead stifle clean energy growth and job creation while lining the pockets of polluters. I urge you to reject this unseemly corporate carveout and ensure big oil pays its fair share.