President Joe Biden escalated weeks of sharp warnings to energy producers on Monday by floating a so-called “windfall” tax on their corporate profits, calling out major gas companies for racking up gains from a spike in prices he attributes to Russia’s war in Ukraine. “Record profits today are not because they’re doing something new or innovative.
Biden did not explicitly endorse a “windfall” tax and the specifics of what he would consider are likely to remain vague, but key congressional Democrats have pushed different “windfall” tax proposals targeting oil companies for more than a year. Biden, however, has never thrown the weight of his administration behind the idea, which is vigorously opposed by the industry.
High gas is democrat policies
Why do democrats think they can tax their way out of everything?
CNN IS NOT JOURNALISM CNN are Race baiting facists.
Joe Biden did keep his campaign promise of a War on Oil & Gas.
MAGA= MAKE AMERICA GREAT AGAIN. Joe Biden's attack on oil & gas has shut down Steel mills and the largest aluminum plant in America. The Joe & Hunter Biden energy corporation (Ukraine) is a National security threat.
LIAR IN CHIEF.💩
Idiot 🤦🏻♂️
That will surely incentivize them to produce more energy.
RussianCollusionHoax continues
This should be a no brainer and get bipartisan support. However it won't bc the GOP only represents their donors and refuse to do anything about corporate greed
GOOD MORNING AMERICA MR PRESIDENT JOE BIDEN YES ABOUT BRUTAL RUSSIA PUTIN ATTACK UKRAINE TOTAL BRUTAL TERRORIST RUSSIA. WARNING FOR PUTIN . ✍️⛔️⚠️🚨🚦⚫️😢🇷🇺🇷🇺🇷🇺💔🖤🇺🇦🇺🇦🇺🇦🌏🌐🌎.
Let's go Brandon!
Nice authoritarian but you have no authority. See if you can get it through congress
Raise they taxes and they'll raise they prices hurting everyone Biden loses again
But they seemingly never did this until Joe got elected and shutdown US production. 🤔
This is a good opportunity to see that the president is just a clerk. Let's see how the owners of America will react to such a request.
Just do it.
Day one of his administration the DNC shut down the Nord pipeline with you cheerleading the whole way.. Seriously we wont forget what you did to us..
It’s ironic that the POTUS could pivot to the truth, and no one would believe him. Sad, actually.
Don’t know about you, but I can’t afford remaining a democrat any longer. Wish our president hadn’t shut down our country’s energy production his first day on the job. Perhaps he didn’t realize that diesel fuel is still needed to move people and goods to where they need to be.
The “spike in prices” is the direct result of Biden’s anti-American oil/gas policies.
Each according to his kind
Good! Do it!
🤣🤣🤣🤣
The increase in oil and gas products is because of Joe Biden. Biden said he would destroy all of the oil and gas companies. We had $2.50 a gallon gas with Trump and $5.00 a gallon gas with Biden. What kind of lies are you spreading this time CNN?
Making war in Ukraine the demons that run you
Go to hell Joe
Strange but true. CNN is finally starting to accurately report on corrupt senile JoeBiden. Pity they didn’t have this change of heart before they helped to rig the 2020Election.
They're not going to do a damn thing. They're 'for profit' public companies who report to their shareholders and Wallstreet. But, when is numbnuts going to open oil production back to full capacity? DOPEY can easily fix this but his liberal puppeteers have him on a leash. .
Should have happened a long time ago.
If Sleepy has his way we will face massive shortages of fuel.
Democrats All Talk NO Action
My family works in the gas/oil industry in ND. They were laid off right after biden took over & got his pen out. We know exactly what’s goin on.
If he is helping armed industries to earn more profit, then why not for Oli and gas corporates. He is hypocrite.
You geniuses are doing everything possible to financially cripple the American people