Tuesday, August 12, 2008

McCain's Oil Subsidy Costs by State

From the Center for American Progress:
If elected, John McCain would preserve and create $39 billion in federal help to the oil and gas companies over the next five years. These same dollars could be better spent investing in efficiency and alternative sources of energy that would save American families money, create thousands of new jobs, and help to power millions of homes with clean, renewable sources of energy.

This report shows the state-by-state costs to taxpayers both in lost tax revenue and in lost opportunities to invest in renewable energy and create new jobs.

Read the state by state costs.