Progressives [sic]: Windfall Profits Tax “a Better Solution” Than Biden’s Gas Tax Holiday

Source: Common Dreams

“As President Joe Biden on Wednesday prepares to urge Congress to temporarily suspend federal gasoline and diesel taxes in a bid to ease pain at the pump, progressives are calling instead for the passage of Democratic lawmakers’ overwhelmingly popular bill to impose a windfall profits tax on Big Oil. ‘Congress should take the president’s call and answer it with the windfall profits tax legislation already proposed in the House and Senate,’ Jamie Henn, a spokesperson for the Stop the Oil Profiteering (STOP) campaign, wrote on social media. ‘A windfall tax would get more relief to more people by penalizing the Big Oil profiteering that’s driving up prices.'” [editor’s note: The truth comes out, as these “progressives” reject cutting taxes on actual consumers, in favor of penalizing the producers (and doing nothing to cut actual costs, but more likely raising them more) – SAT] (06/22/22)