Biden suggests windfall tax on oil profits

President Joe Biden speaks about oil companies’ profits, Oct. 31, in Washington. Biden raised the possibility of imposing a windfall tax on energy companies after accusing them of “war profiteering.” (AP Photo: Alex Brandon)

November 1, 2022
3:48 pm

President Joe Biden on Monday accused oil companies of “war profiteering” as he raised the possibility of imposing a windfall tax on energy companies if they don’t boost domestic production.


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