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Thanks to an obscure tax loophole, the United States taxpayers is already giving the paper industry millions of dollars to use unneeded fossil fuels, and the total subsidy could reach $8 billion this year.
The paper industry is profiting from an obscure law intended to reduce dependency on fossil fuels. Only to qualify for the tax credit, they are using more fuel; they could gain as much as eight billion dollars from the government by doing so. Living on Earth Host Steve Curwood turns to The Nation magazine’s DC editor, Christopher Hayes, to lead him through the paper trail.