White House weighing oil profits tax to fund consumer rebate, official says
WASHINGTON (Reuters) -The White House is considering proposals that would tax oil and gas windfall profits in order to provide a benefit to consumers struggling with higher energy prices, a U.S. official said on Thursday.
Source: www.reuters.com
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WASHINGTON (Reuters) - The White House is looking at and considering a U.S. congressional proposal to tax oil and gas windfall profits, Bharat Ramamurti, deputy director of the National Economic Council, said on Thursday during a Roosevelt Institute panel.
Reporting by Trevor Hunnicutt
