Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Natural Resources, Science, Space, and Technology, Energy and Commerce, Agriculture, Appropriations, Financial Services, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The End Polluter Welfare Act of 2025 aims to eliminate roughly $100 billion in federal subsidies, tax breaks, and financial support for fossil fuel companies across the government. The bill eliminates direct fossil fuel subsidies from federal agencies, removes dozens of tax deductions and credits specifically benefiting oil, gas, and coal companies, eliminates U.S. funding for international fossil fuel projects, and restricts federal financing for fossil fuel infrastructure. Key changes include imposing a 13% tax on crude oil and natural gas extracted from federal lands in the Gulf of Mexico, requiring oil and gas companies to amortize drilling costs over 84 months instead of deducting them immediately, phasing out carbon capture tax credits, and increasing coal excise taxes. The legislation also tightens clean hydrogen credits by requiring renewable energy sources and directs the Treasury to identify all remaining federal fossil fuel subsidies within one year, giving it authority to eliminate additional tax benefits deemed improper.
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