RE:Will biden impliment a windfall tax on oil companies Other than a temporary appeasment to the masses that are easily fooled, a windfall tax will do little else. What it will do is cause companies to reduce production. If profits are taken by the government in the form of a windfall tax, companies will have less to spend on exploration and development. It will make a bad situation even worse... just in time for the 2024 election.
soundandfury wrote: Thats the trillion dollar question..........i heard the white house is considering it........imho its a pretty much sure thing that they will ........he desperately needs to do something to get his approval rateing up