Washington Journal
Oil Profits and Taxes
2005-11-05T07:50:38-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvYTZiXC8xODk2MTMtMDItbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==The guests spoke about the windfall profits tax. Mr. Lewis said that the tax in 1980 made petroleum products scarcer and did not raise revenue for the federal government. Mr. Slocum argued that the tax would take profits and return them in the form of rebates to customers to protect them from high prices. He also said that the plan would work because of the restructuring of the industry since the 1980s. The guests also responded to questions and comments from viewers.
The guests spoke about the windfall profits tax. Mr. Lewis said that the tax in 1980 made petroleum products scarcer and did not raise reven…
read more
The guests spoke about the windfall profits tax. Mr. Lewis said that the tax in 1980 made petroleum products scarcer and did not raise revenue for the federal government. Mr. Slocum argued that the tax would take profits and return them in the form of rebates to customers to protect them from high prices. He also said that the plan would work because of the restructuring of the industry since the 1980s. The guests also responded to questions and comments from viewers. close
The guests spoke about the windfall profits tax. Mr. Lewis said that the tax in 1980 made petroleum products scarcer and did not raise reven… read more
The guests spoke about the windfall profits tax. Mr. Lewis said that the tax in 1980 made petroleum products scarcer and did not raise revenue for the federal government. Mr. Slocum argued that the tax would take profits and return them in the form of rebates to customers to protect them from high prices. He also said that the plan would work because of the restructuring of the industry since the 1980s. The guests also responded to questions and comments from viewers. close
People in this video
More PeopleHosting Organization
Series
More Videos From
Open Phones
More VideosRelated Video
-
Energy Policy
President Bush spoke about his energy policy. In his remarks he responded to rising fuel and gasoline prices by calling …
-
Open Phones
Telephone lines were opened for comments on the question, “Is oil dependence the most ‘critical threat’ to the U.S.?”
-
Gasoline Prices: Open Phones
Telephone lines were open for comments from viewers after a report on gasoline prices by the Consumer Federation of Amer…
-
U.S. Energy Policy
Following a meeting of the Cabinet President Bush called on Congress to pass legislation ending a moratorium on offshore…