House Dems’ alternative budget yanks oil industry tax breaks

House Budget Committee ranking member Chris Van Hollen (D-Md.) laid out a budget plan Wednesday that includes in its revenue assumptions the elimination of subsidies for major integrated oil companies, including Exxon, Chevron, Shell and others.

It also supports incentives around renewable energy, carbon capture and other technologies. The whole thing is available here.

The Hill’s Erik Wasson has a comprehensive piece about the Democrats’ plan. It’s largely a messaging vehicle they intend to offer as an amendment to the Republican budget proposal, which will be on the floor of the GOP-controlled House Thursday.