Trump’s alleged $1 billion offer could yield $110 billion for big oil
Former President Donald Trump’s purported $1 billion election year offer to major oil executives, if accepted, could generate a significant windfall.
According to Friends of the Earth Action, Trump’s offer involves campaign funding from oil companies repaid with deregulation and tax relief upon his election.
This will result in a $110 billion profit for these corporations.
Democrats, led by Rep. Jamie Raskin, are investigating these “quid pro quo” allegations.
Critics argue that Trump’s promises of tax cuts and debt payment could worsen the national debt, as seen in the GOP’s 2017 tax cuts.
With the possibility of Republicans making these cuts permanent, oil and gas companies could greatly benefit.
Analysts say the investigation underscores concerns over corruption and highlights the stakes for climate action and progressive causes.
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