Opinion | Democrats in Congress Want Windfall Tax on Big Oil, Consumer Rebates, and Cheap Green Energy

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Opinion | Democrats in Congress Want Windfall Tax on Big Oil, Consumer Rebates, and Cheap Green Energy
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'The real answer to both the oil price crisis and to global heating is to move to electric transport, fueled by wind and solar, as soon as possible.'

, and several other congressional Democrats have co-sponsored, a bill to curb big petroleum companies engaged in profiteering.

Senator Jeff Merkley makes clear some of how this tax would work to produce a rebate check to consumers: “We have to cut off the Russian oil sales that are funding Putin’s war crimes in Ukraine. Americans want to put pressure on Putin, but they need help with high gas prices. So let’s tax oil companies’ war profiteering and send gasoline rebate checks to Americans.” Sen.

Whitehouse is right that the real answer to both the oil price crisis and to global heating is to move to electric transport, fueled by wind and solar, as soon as possible.“We need to hold large oil and gas companies accountable and prevent them from using this moment to exploit American consumers.

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