Can governments afford to give the tax deductions?

Are we already subsidizing fossil fuels?

" the U.S. fossil fuel industry benefits from an estimated $760 billion annually through subsidies, tax breaks, and unpriced externalities

https://www.fractracker.org/2025/03/fossil-fuel-subsidies-free-market-myth/




California gave me a $9,500 rebate for buying an EV in 2023. Now California has financial problems.

This year, California's nonpartisan Legislative Analyst's Office (LAO) dropped a bombshell: the state is now projected to face an $18 billion deficit in 2026–27, a shortfall $5 billion worse than what lawmakers admitted just months earlier.

https://www.foxnews.com/opinion/california-broke-its-not-too-late-rest-us