“Gas is over $5 a gallon. Why? Well, oil companies made $93 billion in profits in the first quarter and are spending $88 billion on stock buybacks.” Sen. Bernie Sanders on Thursday slammed oil companies for raking in huge profits on the backs of U.S. consumers and reiterated his case for a windfall tax, a demand […]
“It is common sense” to use such a tax to provide rebates to consumers, argued Rep. Ro Khanna. “You have these oil companies making record profits at a time of a national emergency.” Progressive members of Congress on Wednesday ramped up calls for a windfall profits tax on oil giants after President Joe Biden pleaded directly […]
“We reject the narrative that this country cannot afford to invest in a better world.” An analysis released Monday to mark Tax Day in the United States shows that the country’s 735 billionaires have seen their collective wealth soar by 62% over the past two years while worker earnings have grown just 10%, modest gains eaten away by […]
Just a day after U.S. President Joe Biden officially unveiled a plan to boost taxes on wealthy Americans, Sen. Joe Manchin on Tuesday signaled that he intends to block progress on yet another White House priority. Former Democratic Michigan gubernatorial candidate Dr. Abdul El-Sayed tweeted that the West Virginia Democrat “would rather tax people who *work for their […]