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Sen. Michael Bennet Teams Up With Other Lawmakers To Keep Oil Companies From Exploiting Consumers

By Jennifer McRaeMarch 11, 2022 at 10:13 am

DENVER (CBS4)– Sen. Michael Bennet wants to make sure that large oil companies aren’t exploiting consumers. As the war in Ukraine continues, the price of a gallon of gas has risen to more than $1 over what it was last year.

Oil companies are seeing near-record profits.

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(credit: CBS)

 

Bennet, along with 10 other lawmakers on Capitol Hill, are introducing a bill that would tax large corporations which may give drivers some relief at the pump.

Under the bill, oil giants like Exxon Mobil and Chevron that produce or import at least 300,000 barrels of oil per day will owe a per-barrel tax.

Bennet said the quarterly tax will make for a more even playing field. The money raised from the tax would be returned to consumers as a rebate.

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would love to see how they're going to handle rebates.  Will people who received electric vehicle incentives receive a rebate?  Will it be means-tested to fuck the upper middle class like everything else the gov't does?

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36 minutes ago, Matt said:

would love to see how they're going to handle rebates.  Will people who received electric vehicle incentives receive a rebate?  Will it be means-tested to fuck the upper middle class like everything else the gov't does?

Word here is the low and middle class are getting hurt the worst by high fuel prices. 

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  • Trying to pay the bills, lol

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