Politics & Government

May 18, 2008 3:55 PM

A tax on Big Oil's windfall profits sounds good, but is it?

Hitting oil companies with a windfall profits tax seems like a perfect campaign pitch, since it would effectively return part of the industry's record profits to strapped consumers. But a lot of Republicans, as well as most economists, have serious questions about whether the tax makes sense. The debate is likely to rage through the fall.

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