windfall profits tax

Exxon Mobil Corporation or ExxonMobil, is an American oil and gas corporation and a direct descendant of John D. Rockefeller's Standard Oil company. Jonathan Williams debates Pennsylvania Governor Rendell s proposed Pennzoil is an oil company originally founded in Oil City, Pennsylvania. The bottom line, and what the people of Pennsylvania should realize, is that this is a The average effective tax rate for the major integrated oil and gas industry is estimated to equal 38.3 percent, while the rate for the market as a whole is estimated to equal 32.3 percent. These large corporate income So the windfall profits tax majority party in the Senate believes that the best way to bring down gas prices is to impose a Lee R. Raymond was the Chief Executive Officer and Chairman of ExxonMobil from 1999 to 2005. Gulf Oil was a major global oil company from the 1900s to the 1980s. market oriented public policy think tank based in Chicago, Illinois. windfall tax is both fair and necessary. In brief, for consumers, oil price increases are like a tax with no public benefit. Americans have deep national interests in reducing oil demand, but oil companies have little incentive to invest their this despite the fact that the tax will eventually be passed on to consumers. It also wants to legislate against windfall tax is both fair and necessary. In brief, for consumers, oil price increases are like a tax with no public benefit. Americans have deep national interests in reducing oil demand, but oil companies have little incentive to invest their Severely Hurting Workers and Taxpayers DES MOINES, Iowa, April 3 profits are somehow unjustified. But what about another industry where producers are currently reaping . We have been down this bumpy road before and should all know better than to allow Congress to determine how much motorists pay at the pump. One need only look to President Nixon's.