Democrat lawmakers have introduced a bill seeking to impose higher taxes on oil companies for what they claim are “windfall” profits made from “cartel pricing” strategies, even as the Biden administration keeps enforcing policies which negatively affect the sector. The “Big Oil Windfall Profits Tax Act” was introduced in the Senate by Sen. Edward J….
Democrats Propose ‘Windfall Profits Tax’ on Oil Firms, Accuse Companies of War Profiteering and Price Gouging
February 16, 2023
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Business & MarketsDemocratseconomyenergyoil companiesPolicies & ImpactsPoliticsprice-gougingtaxUSwar profiteeringwindfall profits
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