Commodities and Futures News

Treasury’s Adeyemo calls for eliminating subsidies, including to energy companies

2023.09.11 14:13


© Reuters. FILE PHOTO: Economist Adewale “Wally” Adeyemo testifies before the Senate Finance Committee during his confirmation hearing to be Deputy Secretary of the Treasury in the Dirksen Senate Office Building, in Washington, D.C., U.S., February 23, 2021. Jim Lo

(Reuters) – The United States should think about eliminating corporate subsidies, including to energy companies, U.S. Deputy Treasury Secretary Wally Adeyemo said in New York on Monday.

Adeyemo said achieving fiscal sustainability would include modest tax increases, boosting tax revenue collections and finding other ways to cut costs.

“We can also think about what we can do to eliminate subsidies,” he told the Economic Club of New York. “None of us thinks it makes sense to subsidize energy companies.” Adeyemo said there were also other subsidies that could be eliminated, but gave no details.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 65,800.63 1.43%
ethereum
Ethereum (ETH) $ 3,435.55 0.36%
tether
Tether (USDT) $ 1.00 0.06%
bnb
BNB (BNB) $ 582.42 0.00%
solana
Solana (SOL) $ 173.07 1.15%
usd-coin
USDC (USDC) $ 0.999395 0.07%
staked-ether
Lido Staked Ether (STETH) $ 3,435.00 0.40%
xrp
XRP (XRP) $ 0.602059 0.58%
dogecoin
Dogecoin (DOGE) $ 0.130851 3.00%
the-open-network
Toncoin (TON) $ 6.92 0.05%
cardano
Cardano (ADA) $ 0.408323 3.20%
tron
TRON (TRX) $ 0.13394 1.49%
avalanche-2
Avalanche (AVAX) $ 28.57 8.58%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 65,878.65 1.59%
shiba-inu
Shiba Inu (SHIB) $ 0.000017 1.50%
chainlink
Chainlink (LINK) $ 13.78 0.30%
polkadot
Polkadot (DOT) $ 5.91 2.11%
bitcoin-cash
Bitcoin Cash (BCH) $ 367.15 2.56%
near
NEAR Protocol (NEAR) $ 5.70 3.63%
uniswap
Uniswap (UNI) $ 7.56 2.92%
litecoin
Litecoin (LTC) $ 72.11 1.22%
leo-token
LEO Token (LEO) $ 5.82 1.42%
dai
Dai (DAI) $ 0.999515 0.12%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,587.58 0.38%
pepe
Pepe (PEPE) $ 0.000012 1.23%
matic-network
Polygon (MATIC) $ 0.531184 0.51%
internet-computer
Internet Computer (ICP) $ 9.66 2.15%
kaspa
Kaspa (KAS) $ 0.17667 2.07%
ethereum-classic
Ethereum Classic (ETC) $ 23.61 1.11%
ethena-usde
Ethena USDe (USDE) $ 0.998677 0.05%
aptos
Aptos (APT) $ 6.99 2.26%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.27 5.87%
stellar
Stellar (XLM) $ 0.101907 1.14%
monero
Monero (XMR) $ 160.46 0.13%
mantle
Mantle (MNT) $ 0.877884 0.41%
dogwifcoin
dogwifhat (WIF) $ 2.60 0.80%
blockstack
Stacks (STX) $ 1.76 2.44%
arbitrum
Arbitrum (ARB) $ 0.773853 0.35%
maker
Maker (MKR) $ 2,773.95 3.15%
filecoin
Filecoin (FIL) $ 4.44 0.43%
render-token
Render (RENDER) $ 6.44 2.37%
crypto-com-chain
Cronos (CRO) $ 0.092489 0.28%
cosmos
Cosmos Hub (ATOM) $ 6.23 0.53%
hedera-hashgraph
Hedera (HBAR) $ 0.067867 2.40%
okb
OKB (OKB) $ 40.15 1.94%
injective-protocol
Injective (INJ) $ 24.63 2.61%
immutable-x
Immutable (IMX) $ 1.53 0.16%
vechain
VeChain (VET) $ 0.028867 0.11%
bittensor
Bittensor (TAO) $ 325.72 1.72%
optimism
Optimism (OP) $ 1.85 2.41%