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TAX THE ENERGY PROFITEERS!
June 12, 2008
The price of fuel is soaring, enriching the politically-entrenched industry that is reaping billions thanks to government policy and high prices. The Tax Policy Blog has a solution: a windfall profits tax.
According to some in Congress, a windfall profits tax on oil companies would lower the price of gasoline (which is ludicrous). Then by that logic, wouldn't a windfall profits tax on farmers also lower the price of food?
It does have a certain alien logic.
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