The Corner

Tax, Tax Baby

Chris Dodd advocates a windfall profits tax, where Congress would determine what amount of profit is fair and what isn’t. …

Kernan then emphasized the point. “That’s not the way it’s done in this country, senator. It could never be done that way, could it?”

“Yes, it could be,” Dodd said.

Dodd also made the extraordinary statement that these taxes should be taken from the oil companies and invested in other sources of energy or be given back to consumers in the form of a rebate.

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