Through 2024, and assuming no change to existing legislation, the U.S. Congressional Joint Committee on Taxation projects that foregone tax revenues from various fossil fuel programs will total $57.4 billion.

Foregone Tax Revenues from U.S. Fossil Fuel Development — figure 2
Fig. 2 of 2 · Chart 2022-02 · Source: EPRINC

From the EPRINC Chart of the Week archive.

Cite: EPRINC, “Foregone Tax Revenues from U.S. Fossil Fuel Development,” Chart of the Week 2022-02, January 10, 2022.

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