President Joe Biden delivers remarks on his proposed “American Families Plan” legislation in the Chicago suburb of Crystal Lake, Ill., on July 7, 2021. (Evelyn Hockstein/Reuters) President Joe Biden on Wednesday reiterated his call to end tax breaks for fossil fuel companies, a policy proposal that would remove incentives for U.S. oil firms to boost production at a time when gas prices in the United States have soared to seven-year highs and are projected to continue their skyward climb.
Speaking at McHenry County College in Crystal Lake, Illinois, near Chicago, Biden said, “If we end tax breaks for fossil fuels […]
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