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Eight Democratic senators propose oil windfall tax »

Posted by: doppich 1 year, 4 months ago

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A group of eight freshman Democratic senators have introduced legislation that would impose a windfall profits tax on oil companies and revoke some government subsidies. The legislation would impose a 50 percent tax on profits after oil prices rise above $50 a barrel. It also repeals tax loopholes and breaks from the 2005 law.

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doppich1 year, 4 months ago

"Joining Casey in unveiling the legislation were Sens. Jon Tester of Montana, Bernie Sanders of Vermont, Claire McCaskill of Missouri, Jim Webb of Virginia, Sheldon Whitehouse of Rhode Island, Sherrod Brown of Ohio and Amy Klobuchar of Minnesota. All were elected to the Senate in November."
A few Senators who are trying to serve their constituents instead of corporate interests.
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PsychoHosebeast1 year, 4 months ago

So do they think the oil companies won't put their prices up even more, to cover this?
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