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Biden paints oil firms as war profiteers, talks windfall tax - Jammu Kashmir Latest News | Tourism

WASHINGTON, Nov 1:President Joe Biden on Monday accused oil companies of “war profiteering” as he raised the possibility of imposing a windfall tax on energy companies if they don’t boost domestic production. Biden in brief remarks criticised major oil companies for making record-setting profits while refusing to help lower prices at the pump for the American people. The president suggested he will look to Congress to levy tax penalties on oil tax companies if they don’t begin to invest some […]

Biden Calls Big Oil War Profiteers, Weighs Consequences

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