Windfall Tax
I just heard on NPR that Congress is debating a windfall tax on oil companies. I can't find an on-line reference. I hate high gas prices as much as the next guy as I drive a huge SUV. But a windfall tax is bad news. This is a knee-jerk reaction and populous politics. If Congress wants to do something, it needs to prod the White House and Fed to help bolster the dollar.
Update: Senate kills the windfall tax.
Tuesday, June 10, 2008
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