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[cliffvb]

windfall profits tax on oil

Oil execs are now being grilled by Senators on their huge profits. There have been many calls for a "windfall profits tax". Exxon's profits are often talked about at $10Billion last Qrtr alone. What seems to be lost in all this is that for the last quarter alone, Exxon is also paying over $6Billion to the government in income taxes. It seems to me that the government is already collecting their fair share of taxes on those "windfall profits".