The Wonk Room

McCain’s Corporate Tax Cut Would Save Energy & Utility Companies Over $2.8 Billion

A global warming plan that weans America off dirty energy requires taking a stand against the huge utility & energy companies. But John McCain’s tax plan seems slightly more interested in lining their pockets.

An analysis from the Center for American Progress Action Fund finds that John McCain’s massive corporate tax cut would save America’s ten largest electrical utility companies and ten largest energy companies over $2.8 billion. (This is in addition to the $4 billion tax break for America’s five largest oil companies.)

Read the full analysis and see the chart here.