Progressives Demand That Big Oil ‘Pay’ With Windfall Profits Tax
- Idea would tax oil companies to fund rebates for households
- Windfall tax highly unlikely to be approved by divided Senate
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Progressive lawmaker Jamaal Bowman said he is pushing for a new tax on oil and gas profits so that large energy companies experience the same sting consumers are facing at the gas pump.
“We need to try at least to start making big oil pay, and we need to provide relief to Americans who are suffering,” Bowman, a New York Democrat, said on a call with reporters Wednesday.