Sen. Elizabeth Warren Says the Solution to High Gas Prices Is Higher Taxes on Oil Companies: She Proposes a 'Windfall Tax' on Oil Profits

Reason ^ | 03/09/2022 | Ronald Bailey

[Irenic]

* blink blink blink *

[The Great RJ]

Why not price controls that will lead to gasoline shortages and ultimately gas rationing.

[Osage Orange]

E. W. is an idiot......

[Steve Van Doorn]

said,"Never let a crisis go to waste."
New motto:
"Science is settled. Respect our authority and everything will be just fine. We super duper promise. (Thirty seconds later) WHAT? Science has changed. Now we super duper double promises. NOW!! respect our authority!"

[nopardons]

BTTT

[Ratman0823]

And here we thought that AOC was the most idiotic person on Capitol Hill. Senator Lie-a-watha is leaving the bartending pole dancer in the dust with this one.

[Rurudyne]

Tax members of Congress at twice the rate of everyone else and only give them half the benefit of and exemptions or deductions … and the liability should continue for a full five uninterrupted calendar years after they leave office or any subsequent professional lobbying.

[Rurudyne]

The government would get its panties in a twist over these tiny homes.

[Darksheare]

“The solution to violence is to increase beating your spouse!” - Fake Indian Lizzie, same energy

[McBuff]

Hey Liz... go have you a beer and stfu!

[noiseman]

It’s like the dems are using Jimmy Carter’s playbook for failure. It’s 1979 all over again; they’re even bringing back Carter’s windfall profits tax.

If they’d just check how it went last time, they’d see that oil companies just passed the cost on to consumers, driving prices even higher and forcing Carter to drop it.

[Secret Agent Man]

Of course they wont stop spending.

They want to destroy the currency.

Look at what obama did to the debt,

Its just the continuation of that

[nickcarraway]

Can we send her to Ukraine? She is a great warrior, like her grandfather, Geronimo.

[bigbob]

When you look at Brandon stumbling over his words just remember, they could have stolen the election for this stupid bitch instead.

[Republican Wildcat]

The oil companies will make zero profits if the gas pumps are empty.

[JimRed]

If oil profits increase (by percentage, not by dollar volume) during the crisis, a tax on the increase is not unreasonable. But oil is already taxed substantially.

[vpintheak]

People actually believe this would work. They really do and it’s really sad.

[TigersEye]

Government taxes on a gallon of gasoline are already nearly as high as what the oil companies charge for producing it. And the government doesn’t do a single thing to produce a gallon of gas.

Who is greedy?

[Mark17]

How I hate politicians.

[21twelve]

Washington State is REALLY greedy.

Fed tax on a gallon of gas is 18.4 cents.
Washington state is 49.4.

So a total of almost 68 cents a gallon! At least it isn’t based on the price of gasoline.

(That is for everything else except food in the state. So along with inflation you get another 10% added onto the inflation.)