Reconciliation bill subsidizes fossil fuels by $3.5B each year, Democratic report finds

Republicans’ One Big Beautiful Bill Act subsidizes fossil fuels by an average of $3.5 billion each year, according to a new report from Senate Budget Committee Democrats. An analysis that was first shared with The Hill tabulated both official and unofficial estimates of the impacts of the bill’s pro-fossil fuel policies and averaged them over a 10-year period. The report only looks at provisions…