Tax on oil’s windfall profits would increase consumers’ costs
HeraldNet.com
HeraldNet.com - Everett and Snohomish County news from The Daily Herald in Everett, Washington
A windfall energy profits tax will make gas, oil, and diesel even more expensive. When products are taxed, producers will reduce investment and cut production. When taxed, companies pass that tax on to the consumer in the form of higher prices. Companies don’t pay taxes, consumers do.
Tax on oil’s windfall profits would increase consumers’ costs
Wire Service