Windfall Tax on Big Oil Demanded as Trump's Iran War Pads Profits of Fossil Fuel Giants
President Trump's military actions in Iran are cited by advocates as the catalyst for rising oil prices and subsequent fossil fuel profits.
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President Trump's military actions in Iran are cited by advocates as the catalyst for rising oil prices and subsequent fossil fuel profits.
Following a surge in oil prices due to conflict with Iran, advocacy groups and Democratic lawmakers are renewing calls for a windfall profits tax on fossil fuel companies to curb profiteering and fund renewable energy.
Sponsor of windfall tax legislation
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