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How windfall tax on energy producers could backfire on Biden

Por: Newsweek Nation November 01, 2022

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President Joe Biden on Monday said energy corporations can either increase oil refining and producing capacities or face paying a tax on their excess profits—but experts warned such a tax could backfire.Biden railed against energy producers who have pocketed outrageous record profits in recent months even as U.S. consumers face high gas prices. He called on the corporations to act beyond the narrow self interests of their shareholders and... + full article



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