Big Oil Profiting over Iran War

Democrats urge windfall tax as oil firms prepare to cash in on the Iran War

Nonprofits join call for a levy to help offset consumer costs.

Big Oil profiting over Iran war

Big Oil profiting over Iran war

Big Oil Windfall Tax Would Return ‘Egregious’ Iran War Profits to Struggling US Families

“Trump’s war of choice in Iran is not just a moral mistake but an economic blunder that is skyrocketing gas prices for working Americans," said Rep. Ro Khanna.

Oil Windfall Profits Tax Bill Introduced as Industry Cheers Sudden Price Spike and Exploding Profit Forecasts

Washington, D.C. – Yesterday Senator Sheldon Whitehouse and Rep. Ro Khanna introduced the Big Oil Windfall Profits Tax Act. The legislation would impose an excise tax on the windfall profits of oil companies. The bill was introduced in light of the spike in oil prices following the launch of the war with Iran. Since the beginning of the war, oil prices have increased from under $70 a barrel to about $100 a barrel, and gasoline prices in America …

LCV Statement on Big Oil Windfall Profits Tax

The post LCV Statement on Big Oil Windfall Profits Tax appeared first on League of Conservation Voters.

Gas Surge Drives US Lawmakers To Tax Major Oil Companies

Washington: US lawmakers moved to tax major oil companies as fuel prices surged sharply following the Iran war, with Democrats accusing energy firms of