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Biden's oil windfall tax would backfire, warns Larry Summers

Por: CNN Business November 01, 2022

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New York CNN Business  —  Economist Larry Summers is pushing back after President Joe Biden floated the possibility of punishing the oil industry for high prices “I’m not sure [I] understand the argument for a windfall profits tax on energy companies,” Summers “If you reduce profitability, you will discourage investment which is the opposite of our objective.” Summers, an eminent Democratic economist and top adviser to Presidents... + full article



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