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Congressional Research Service: 'Crude Oil Windfall Profits Taxes - Background & Policy Considerations'
March 24, 2022
WASHINGTON, March 24 (TNSRep) -- The Congressional Research Service issued the following in focus(No. IF12064) on March 23, 2022, entitled "Crude Oil Windfall Profits Taxes: Background and Policy Considerations" by public finance specialist Molly F. Sherlock and economic policy senior specialist Jane G. Gravelle:

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Recent increases in gasoline prices and reports of high profits from large oil companies have contributed to congressional interest in a crude . . .

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