Posted on 11/03/2022 6:52:55 PM PDT by ChicagoConservative27
On Thursday’s broadcast of CNBC’s “Closing Bell,” Energy Secretary Jennifer Granholm responded to a question on historical evidence from Europe and the U.S. that a windfall profits tax like the one floated by President Joe Biden would hurt production by stating that the “preference” is that companies lower prices or increase production without a windfall profits tax being imposed and that if a tax is implemented it would be designed to encourage more production.
Host Sara Eisen asked, “I guess what I’m wondering, though, is the windfall tax the way to do that? Haven’t we seen evidence in Europe and in this country back in the ’80s that that actually discourages companies from investing in production and just makes the shortages worse and the prices higher?”
(Excerpt) Read more at breitbart.com ...
She has mammary glands....that's about it.
A tax will do exactly the opposite. Another Biden administration economic idiot.
They just want the money and to have a villain.
They have zero interest in increasing supply and lowering prices.
You’ve hit the nail on the head.
Prices go up because the companies don’t pay the taxes, we do.
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