HomeFinanceBiden suggests windfall tax on oil profits

Biden suggests windfall tax on oil profits

President Joe Biden speaks

President Joe Biden speaks about oil companies’ profits, Oct. 31, in Washington. Biden raised the possibility of imposing a windfall tax on energy companies after accusing them of “war profiteering.” (AP Photo: Alex Brandon)

November 1, 2022
3:48 pm

President Joe Biden on Monday accused oil companies of “war profiteering” as he raised the possibility of imposing a windfall tax on energy companies if they don’t boost domestic production.


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