Energy industry executives clapped back at President Biden for threatening higher taxes on oil companies if they don’t lower the price at the pump.
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Biden announces initiatives to lower energy costs for AmericansPresident Joe Biden revealed Wednesday how his administration is helping Americans deal with higher energy prices.
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How windfall tax on energy producers could backfire on BidenOne expert said a windfall tax could deter new investment in domestic oil production and impact the U.S. relationship with the world oil market.
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AP source: Biden to float windfall tax on energy producersThe White House said Biden will respond “to reports over recent days of major oil companies making record-setting profits even as they refuse to help lower prices at the pump for the American people.”
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AP source: Biden to float windfall tax on energy producersWASHINGTON (AP) — President Joe Biden on Monday will raise the possibility of imposing a ‘windfall tax’ on energy companies if they don't boost domestic production, as his administration aims to combat high gas prices just days before the midterm elections .
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AP source: Biden to float windfall tax on energy producersPresident Joe Biden on Monday will raise the possibility of imposing a ‘windfall tax’ on energy companies, as his administration aims to combat high gas prices just days before the midterm elections.
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