© 2022 West Virginia Public Broadcasting
Telling West Virginia's Story
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Obama Proposes Tax Credits to Offset Coal Industry Decline

Coal_mining_helmet.jpg
AllVoices.com
/

President Barack Obama's new budget proposal includes more than $3 billion worth of tax credits and other spending to help the Appalachian region recover from the declining coal industry.

The largest new spending would be $1 billion to redevelop abandoned coal mines. The money would go to states and tribes in $200 million increments over five years.

 
The budget proposal released Monday also includes $20 million from the Department of Labor for states to help workers who lost their coal mining jobs by training them for other professions and $25 million to the Appalachian Regional Commission to help coal communities develop economic development plans.
 

Republicans in Congress blame Obama's energy policies for the job losses in coal states. Republican Senate Majority Leader Mitch McConnell pledged to continue to fight those policies by joining the budget subcommittee that oversees the EPA's budget.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.

WVPB is local news, education, music, and entertainment for West Virginia.
Your donation today will help keep us strong and vital.