U.S : BIG OIL rakes historic profits as gas prices surge. CONGRESS must pass a windfall profits tax.

 

 

 

Friend, sign the petition to Congress: Big Oil rakes historic profits while gas prices surge. Pass a windfall profits tax on oil and gas companies.          Sign the petition                                 Oil companies are using the war in Ukraine as a pretext to raise gasoline prices and gouge customers. However, earlier this year oil giant BP reported their largest quarterly profit in eight years, and has stated their intent to spend much of their profits on stock buybacks.    At times like these, we need reasonable price controls. To keep costs down for consumers, oil companies must pay a windfall profits tax.    A windfall tax would levy a tax on profits made by fossil fuel companies in response to the Ukraine invasion, and also tax profits made as inflation has risen. This can discourage oil companies from artificially inflating gas prices. And it's one of the few things Congress or the Biden Administration can do to deter this price gouging.    As Americans get anxious with prices at the gas pump, now is the time to hold oil companies accountable.        Click to AUTOMATICALLY sign the petition: Big Oil cannot use the Ukraine invasion to gouge customers at home. It is unpatriotic. They must pay a windfall profits tax.            Click to AUTOMATICALLY sign the petition           Our message to Congress :  Oil companies have made the biggest quarterly profits in eight years, and yet gas prices continue to rise. I am outraged that they are using the Ukraine invasion as a pretext to gouge customers. Congress must pass a windfall profits tax.    Keep fighting,            Paul Hogarth, Daily Kos.                                                                                 Daily Kos Relies on Readers Like You. We don't have billionaire backers like some right-wing media outlets. Half our revenue comes from readers like you, meaning we literally couldn't do this work without you. Can you chip in $5 right now to help Daily Kos keep fighting ? Chip in $5  Daily Kos, PO Box 70036, Oakland, CA, 94612. Contributions to Daily Kos are not tax deductible.