- For the last three years, the top three domestic coal companies have consistently reported record profits. Peabody Energy, the largest private-sector coal company, posted record revenue in the year of 2008, with a 45% increase in profits from the 2007 year. Despite an uncertain economy, Peabody’s profits tripled in the first quarter of 2009. Arch Coal Inc., the third largest producer, had a net income of $354.3 million in 2008, double their income of 2007. Yet the government continues to hand out billions in tax breaks and subsidies (see chart).
http://www.taxpayer.net/library/arti...y-of-subsidies
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