Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Sanders Intros Revival of 95% Windfall Profits Tax From WWII to Curb Corporate Greed
(snip)
The billspearheaded by Sanders (I-Vt.), Sen. Ed Markey (D-Mass.), and Rep. Jamaal Bowman (D-N.Y.)is inspired by previous windfall profits tax plans implemented during World Wars I and II as well as the Korean War. During WWII, Sanders' office noted, "the tax rate reached as high as 95%, which ensured that companies could not profiteer off the war."
(snip)
"The American people are sick and tired of the unprecedented corporate greed that exists all over this country. They are sick and tired of being ripped off by corporations making record-breaking profits while working families are forced to pay outrageously high prices for gas, rent, food, and prescription drugs," Sanders said in a statement.
The Senate Budget Committee chair argued that "we cannot allow Big Oil companies and other large, profitable corporations to continue to use the war in Ukraine, the Covid-19 pandemic, and the specter of inflation to make obscene profits by price gouging Americans at the gas pump, the grocery store, or any other sector of our economy."
"During these troubling times, the working class cannot bear the brunt of this economic crisis, while corporate CEOs, wealthy shareholders, and the billionaire class make out like bandits," he added. "The time has come for Congress to work for working families and demand that large, profitable corporations make a little bit less money and pay their fair share of taxes."
(snip)
https://www.commondreams.org/news/2022/03/25/sanders-intros-revival-95-windfall-profits-tax-wwii-curb-corporate-greed
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
5 replies, 824 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (14)
ReplyReply to this post
5 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Sanders Intros Revival of 95% Windfall Profits Tax From WWII to Curb Corporate Greed (Original Post)
Uncle Joe
Mar 2022
OP
onecaliberal
(32,775 posts)1. I know of two reasons why this won't pass and we can't blame repukes.
Chainfire
(17,458 posts)2. It does not benefit the wealthy, it won't pass.
KPN
(15,635 posts)3. Thank you Bernie for pursuing this. Gotta love
Bernies undaunted commitment and spirit.
And thank you Uncle Joe for posting this. Important stuff!
twodogsbarking
(9,664 posts)4. Too few have the money of too many.
Wealth redistribution in some form is possible and wouldn't be a bad thing.
Bernie isn't out of line.
wackadoo wabbit
(1,164 posts)5. Go, Bernie! /nt