Sen. Wyden Unveils Taxing Big Oil Profiteers Act
August 13, 2022
August 13, 2022
WASHINGTON, Aug. 13 -- Sen. Ron Wyden, D-Oregon, chairman of the Senate Finance Committee, issued the following news release on Aug. 12, 2022:
Senate Finance Chair Ron Wyden, D-Ore., today unveiled the Taxing Big Oil Profiteers Act.
The bill would double the tax rate of Big Oil's excess profits, impose an excise tax on stock buybacks benefiting wealthy shareholders, and close one of Big Oil's favorite tax loopholes.
The bill is also sponsored by Senators . . .
Senate Finance Chair Ron Wyden, D-Ore., today unveiled the Taxing Big Oil Profiteers Act.
The bill would double the tax rate of Big Oil's excess profits, impose an excise tax on stock buybacks benefiting wealthy shareholders, and close one of Big Oil's favorite tax loopholes.
The bill is also sponsored by Senators . . .