Trump’s legislation reportedly grants $40B in oil and gas subsidies

Several independent and reputable news outlets and organizations confirm that the Trump administration's recent budget or legislative package significantly increases subsidies and tax breaks for fossil fuel industries. For example, WIRED reports nearly $40 billion in new federal subsidies for oil, gas, and coal in 2025 alone, with an additional $4 billion annually over the next decade.wired.comwired.comUS Taxpayers Will Pay Billions in New Fossil Fuel Subsidies Thanks to the Big...

The Union of Concerned Scientists estimates that Trump's fossil fuel handouts will cost the public about $80 billion over the next decade, which aligns with the scale of subsidies mentioned.blog.ucs.orgblog.ucs.orgPresident Trump’s Handouts to Fossil Fuel Industry Will Cost Public $80 Billion...

Other sources such as Rolling Stone and CNBC describe the legislation as heavily favoring oil and gas companies by providing tax breaks and repealing key renewable energy supports.rollingstone.comrollingstone.comTrump’s ‘Big Beautiful Bill’ is Loaded with Oil and Gas Company Giftscnbc.comcnbc.comTrump megabill gives the oil industry everything it wants and ends key support...

Reuters and The American Prospect also highlight provisions that boost fossil fuel output and provide large tax breaks to oil companies.reuters.comreuters.comTrump's budget bill boosts fossil fuels, hits renewable energyprospect.orgprospect.orgSenate Bill Gives Giant Tax Break to Big Oil

While exact dollar figures vary slightly depending on the source and time frame considered, the consensus is that the legislation grants tens of billions in subsidies to fossil fuels, with $40 billion being a commonly cited figure for immediate or annual subsidies.

There is no direct contradictory evidence disputing the existence or scale of these subsidies; however, some sources frame these subsidies within broader political or economic contexts.