President Joe Biden called for a windfall tax on energy companies in a speech on Monday, a move that would deliver a major win to the climate and progressive advocates who have been calling for a tax on excess profits made amid high inflationary rates.In his response to major oil companies posting record-breaking profits , Biden cited wartime policies to stop corporations from war profiteering and said that oil companies must take steps to lower gas prices or face a tax on their profits.
#restrictions #president-biden #president-joe-biden #investments #implementation #corporations #rhode-island #oil-companies
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