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Biden threatens oil companies with ‘higher tax’ if they don’t increase production

Por: The Hill Politics November 01, 2022

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President Biden on Monday warned that oil companies would face a “higher tax” on their excess profits if they don’t reinvest in increasing production to bring down prices at the pump.  “They have a responsibility to act in the interest of their consumers, their community and their country, to invest in America by increasing production and refining capacity,” Biden said of the companies during a speech on Monday afternoon.  . The... + full article



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