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'Corporate Greed Is Destroying This Economy': Sanders Pushes for Windfall Profits Tax; by JAKE JOHNSON

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"This is outrageous! Corporate profits soar, working people can't afford to fill up their gas tank. We need to pass a windfall profits tax now.Corporate greed is destroying this economy. Right now, people all over the country are paying $5, $6 for a gallon of gas," said Sanders (I-Vt.), the chair of the Senate Budget Committee. "Meanwhile, in the first quarter of this year, oil company profits were $93 billion, and they're going to spend $88 billion on dividends and stock buybacks for their wealthy stockholders." Sen. Bernie Sanders on Thursday slammed oil companies for raking in huge profits on the backs of U.S. consumers and reiterated his case for a windfall tax, a demand that came as President Joe Biden's call for a federal gas tax holiday faced growing pushback from progressives and top officials in his own administration. 


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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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