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I’ve said before that Biden is Carter 2.0 and here we go. If this happens say hello to gas lines again.
"Big Oil Windfall Profits Tax." According to Khanna, D-Calif., and Whitehouse, D-R.I., the bill would levy a tax on oil barrels sold by large producers "equal to 50 percent of the difference between the current price of a barrel of oil and the pre-pandemic average price per barrel between 2015 and 2019."
The money from that tax would be sent to consumers as a quarterly rebate”
"Big Oil Windfall Profits Tax." According to Khanna, D-Calif., and Whitehouse, D-R.I., the bill would levy a tax on oil barrels sold by large producers "equal to 50 percent of the difference between the current price of a barrel of oil and the pre-pandemic average price per barrel between 2015 and 2019."
The money from that tax would be sent to consumers as a quarterly rebate”
Dems push plan to tax oil companies' profits, send checks to Americans during Russia-Ukraine price spike
Rep. Ro Khanna and Sen. Sheldon Whitehouse are pushing a plan that would tax energy companies for half of the difference in the current price for each barrel they sell and the average price from 2015 through 2019.
www.foxbusiness.com