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  • AP source: Biden to float windfall tax on energy producers

    10/31/2022 10:12:11 AM PDT · by SeekAndFind · 100 replies
    Associated Press ^ | 10/31/2023 | ZEKE MILLER and SEUNG MIN KIM
    President Joe Biden on Monday will raise the possibility of imposing a ‘windfall tax’ on energy companies, as his administration aims to combat high gas prices just days before the midterm elections. The White House said Biden will deliver remarks to respond ”to reports over recent days of major oil companies making record-setting profits even as they refuse to help lower prices at the pump for the American people." A person familiar with the matter said Biden will float imposing a tax on the profits of energy companies, as he seeks to pressure them to lower prices for consumers. The...