Trump's tax reform outline inspires opposition over climate, clean energy

By John Siciliano, Washington Examiner.

The debate about overhauling the tax code won't be immune from the fight over President Trump's environmental and climate change policies, activist groups said Wednesday.

The groups are preparing for a major protest this weekend against Trump's environmental policies, which now include the president's tax reform plan.

Billionaire climate change activist Tom Steyer blasted Trump's tax reform blueprint announced Wednesday as a dangerous proposal that he hopes will be dead on arrival on Capitol Hill.

"Trump's corporate tax giveaway would worsen the dangerous imbalance in an economy already rigged in favor of the wealthy and the powerful," Steyer said.

The tax principles, announced by Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn, don't mention climate change or renewable energy, which would be expected. But most environmental and activist groups in the last year have broadened their attacks on Trump to include advocating for the poor and middle class.

"Congress must reject Trump's corporate tax giveaway and fight for a fair tax reform designed to strengthen the middle class, spur innovation, and grow our economy," he said. "We need a tax code that puts the needs of struggling American families before the limitless appetites of business owners and employers."

However, the environmental group Friends of the Earth response to the tax reform proposal pointed out how it would benefit "big business cronies" at the expense of the environment as a "reverse Robin Hood" plan.

Read more...