White House weighs oil profits tax to fund consumer rebate

Capt. John

The White House is considering congressional proposals that could tax oil and gas producers’ profits in order to provide a benefit to consumers struggling with higher energy prices, a U.S. official said on Thursday. “There are a variety of interesting proposals and design choices on a windfall profits tax,” Bharat Ramamurti, the deputy director of …

The post White House weighs oil profits tax to fund consumer rebate first appeared on Hellenic Shipping News Worldwide.

Author: Capt. John

https://www.hellenicshippingnews.com/white-house-weighs-oil-profits-tax-to-fund-consumer-rebate-2/

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