According to the bill, a windfall tax of 50 percent would be applied when the sale of oil or gas leads to a profit of between 100 percent and 102 percent of a reasonable profit. The windfall tax would jump to 75 percent when the profit is between 102 and 105 percent of a reasonable profit, and above that, the windfall tax would be 100 percent. The bill also specifies that the oil-and-gas companies, as the seller, would have to pay this tax.
No, seriously. Kyle Baxter’s writes:
This is a joke, right? Tell me Democrats just read Atlas Shrugged and thought it would be a funny little joke to pull. Please?
No? Oh, right. I forgot that our parties decided to play a game of “Who Can be More Fucking Crazy?!” Looks like both parties are winning.
Seriously. All I can think of is this: