Rep. DeFazio Introduces Bill to Fight Big Oil's Greed and Provide Rebates to American Consumers
March 17, 2022
March 17, 2022
WASHINGTON, March 17 -- Rep. Peter DeFazio, D-Oregon, issued the following news release:
Congressman Peter DeFazio (OR-04) today introduced the Stop Gas Price Gouging Tax and Rebate Act. This legislation would create a windfall profit tax on excessive corporate profits and return the revenue to American consumers in the form of a tax rebate.
"Big Oil is foaming at the mouth," said Rep. DeFazio. "After price-gouging Americans in 2021 to make record profits . . .
Congressman Peter DeFazio (OR-04) today introduced the Stop Gas Price Gouging Tax and Rebate Act. This legislation would create a windfall profit tax on excessive corporate profits and return the revenue to American consumers in the form of a tax rebate.
"Big Oil is foaming at the mouth," said Rep. DeFazio. "After price-gouging Americans in 2021 to make record profits . . .