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tax break

Fossil Fuel Companies Stand to Make Billions From Tax Break in Democrats’ Build Back Better Bill

The legislation would increase tax breaks for carbon capture and carbon removal by 70 percent, potentially yielding payouts large enough to wipe out some companies’ income tax bills.

By Nicholas Kusnetz

Oil refineries are seen off of the Houston Ship Channel in Houston, Texas on Sept. 29, 2014. Credit: Ken Cedeno/Corbis via Getty Images

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