Federal Subsidies to Energy in 2003 - A First Look
Program line review of federal fiscal subsidies to energy for fiscal year 2003, to support the work of the National Commission on Energy Policy. Aggregate subsidies were worth between $37 and $64 billion to the energy sector. Analysis includes main tax expenditure and programmatic subsidies. Time frame of analysis was insufficient to include credit subsidies to energy (via export banks, Rural Utility Service, and Power Marketing Administrations; recently-passed legislation containing energy tax breaks; or energy-related externalities. Thus, real value of federal support would be even higher than shown here.