Oil Profits and Taxes

The guests spoke about the windfall profits tax. Mr. Lewis said that the tax in 1980 made petroleum products scarcer and did not… 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 transcript for this program was compiled from uncorrected Closed Captioning.

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Oil Profits and Taxes

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Program ID:
189613-2
Category:
Call-In
Format:
Call-In
Location:
Washington, District of Columbia, United States
First Aired:
Nov 5, 2005

Airing Details

  • Nov 05, 2005 | 7:50am EST | C-SPAN 1
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