Dems target oil and gas firms with big tax bill

 

Democrats in the U.S. Senate are not finished going after America’s oil and gas industry as they introduced a bill this week to double excess-profit taxes on oil companies making more than $1 billion a year.

Oregon Sen. Ron Wyden filed the Taxing Big Oil Profits Act to impose a 21% tax on excess profits by oil and gas companies reported The Hill.

Click here for The Hill

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