Sen. Whitehouse Introduces Big Oil Windfall Profits Tax Act
Bill Intros-Senate
Copyright © Targeted News Service, 2026
Copyright © Targeted News Service, 2026
2026-03-27
Bailey Malota
WASHINGTON, March 27 -- Sen. Sheldon Whitehouse, D-RI, has introduced the Big Oil Windfall Profits Tax Act, aimed at imposing a new excise tax on crude oil profits and returning the revenue to individual taxpayers. The legislation is designed to address rising concerns regarding the soaring profits of oil companies amidst fluctuating energy prices that have impacted household budgets nationwide.
The bill proposes a whopping 50 percent excise tax on crude oil profits that exceed a pr . . .
TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com
WASHINGTON, March 27 -- Sen. Sheldon Whitehouse, D-RI, has introduced the Big Oil Windfall Profits Tax Act, aimed at imposing a new excise tax on crude oil profits and returning the revenue to individual taxpayers. The legislation is designed to address rising concerns regarding the soaring profits of oil companies amidst fluctuating energy prices that have impacted household budgets nationwide.
The bill proposes a whopping 50 percent excise tax on crude oil profits that exceed a pr . . .
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TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com