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Oil companies are making billions. In the U.S., calls to tax their windfall are growing

Higher oil prices since the Iran war began mean many oil companies have brought in excess profits. Some U.S. lawmakers want to tax those windfall profits and give the money to lower-income Americans.

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Oil companies are making billions. In the U.S., calls to tax their windfall are growing
Source: NPR News
Oil prices have risen since the war began but the cost of actually producing oil hasn

Higher oil prices since the Iran war began mean many oil companies have brought in excess profits. Some U.S. lawmakers want to tax those windfall profits and give the money to lower-income Americans.

(Image credit: Brandon Bell)

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Originally published at

NPR News

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