– Sen. Michael Bennet wants to make sure that large oil companies aren’t exploiting consumers. As the war in Ukraine continues, the price of a gallon of gas has risen to more than $1 over what it was last year.Bennet, along with 10 other lawmakers on Capitol Hill, are introducing a bill that would tax large corporations which may give drivers some relief at the pump.
Under the bill, oil giants like Exxon Mobil and Chevron that produce or import at least 300,000 barrels of oil per day will owe a per-barrel tax. Bennet said the quarterly tax will make for a more even playing field. The money raised from the tax would be returned to consumers as a rebate.
He should be encouraging Colorado to vote Republican.
Too late....with 9000 approved oil drilling permits these prices reflect price gouging...not supply issues. But the America haters driving their gas guzzling MAGA flag waving little dicks will still blame The President even though Oil production has gone UP under Biden.
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Source: WashTimes - 🏆 235. / 63 Read more »