image
image
1 November, 2022

Oil war profiteers: Follow the money

icon oil company,price gouging,war profiteering
Stop oil war profiteers with a windfall tax

Stop oil company war profiteering with a windfall tax. England has done it. It's time for America too.

Should oil war profiteers be rewarded with more tax cuts? Or pay a windfall tax to provide gas price relief?

Should oil war profiteers be rewarded with more tax cuts? Or pay a windfall tax to provide gas price relief? You get to decide. England passed a windfall tax on obscene oil company profits to provide relief to the public. President Biden has proposed a windfall oil tax. The Republicans are proposing more tax cuts for their billionaire donors. Follow the money to see how billionaires are exploiting the war from the Russian invasion of Ukraine, and how your vote matters.

Follow the money behind oil companies war profiteering

Follow the dark money behind oil company war profiteering
Share this map freely with this link or as a GIF

Biden Accuses Oil Companies of ‘War Profiteering’ and Threatens Windfall Tax

President Biden threatened on Monday to seek a new windfall profits tax on major oil and gas companies unless they ramp up production to curb the price of gasoline at the pump, an escalation of his battle with the energy industry just a week before the midterm elections. The president lashed out against the giant firms as several of them reported the latest surge in profits, which he called an “outrageous” bonanza stemming from Russia’s war on Ukraine. He warned them to use the money to expand oil supplies or return it to consumers in the form of price reductions.

“If they don’t, they’re going to pay a higher tax on their excess profits and face other restrictions,” Mr. Biden told reporters at the White House. “My team will work with Congress to look at these options that are available to us and others. It’s time for these companies to stop war profiteering, meet their responsibilities to this country, give the American people a break and still do very well.” - NY Times

Republican packed Supreme Court kills climate change reform

Britain Will Tax Oil and Gas Profits

The tax on the “extraordinary” profits of oil and gas companies is expected to raise 5 billion pounds and help fund £15 billion in payments to households. The British government said it would use a windfall profits tax on oil and gas companies to help raise funds for direct payments to households, totaling about 15 billion pounds (about $19 billion), to ease the country’s cost-of-living crisis. Rishi Sunak, the chancellor of the Exchequer, announced the measures as the government has come under increasingly intense pressure to help households with rapidly rising inflation and energy bills. Mr. Sunak said that energy companies had benefited from the surge in global commodity prices, in part driven by the war in Ukraine, and that some of their soaring profits could be used to protect low-income households.

Oil and gas companies will be charged a 25 percent tax on their “extraordinary” profits. The tax will be phased out as energy prices return to normal, Mr. Sunak said, but will not last beyond 2025. It will generate £5 billion over the next year, amounting to about a third of the cost of the direct payments for households, the Treasury estimated. The measure will include an investment allowance that will help companies cut their tax if they reinvest their profits in Britain. - NY Times

Republicans give tax cuts to the rich while cutting Medicare and Social Security

GOP wants to push to extend Trump tax cuts after midterm elections

Republican lawmakers gear up to push 2017 tax law after midterm elections, despite potential impact on inflation. “While President Biden and congressional Democrats are fighting to make middle class families the heart of our economy. … Republicans want to sell those families out to rich special interests and by doubling down on their 2017 tax giveaway to the ultrawealthy and corporations,” White House spokesman Andrew Bates said. - Washington Post

Fight for your freedom

From our freedom to make a living ware, decide if and when we grow our families, to our freedom to vote, to our freedom for our families to thrive, Trump Republicans want to control us, use violence to overthrow elections, and block the policies we favor. We’ve seen what happens when Trump Republicans have claimed to be for freedom, only to take it away and impose their will. This November, remember: You’re a part of the fight for freedom. - Way To Win

TakeAway: Vote to end corporations price gouging and using their profits to pay politicians for more tax cuts.

Deepak
DemLabs

DISCLAIMER: ALTHOUGH THE DATA FOUND IN THIS BLOG AND INFOGRAPHIC HAS BEEN PRODUCED AND PROCESSED FROM SOURCES BELIEVED TO BE RELIABLE, NO WARRANTY EXPRESSED OR IMPLIED CAN BE MADE REGARDING THE ACCURACY, COMPLETENESS, LEGALITY OR RELIABILITY OF ANY SUCH INFORMATION. THIS DISCLAIMER APPLIES TO ANY USES OF THE INFORMATION WHETHER ISOLATED OR AGGREGATE USES THEREOF.

Follow the money behind oil company war profiteering with this map
case study image
21 Jun’ 2024

Orange Jesus And His Twelve Disciples Ban Abortions

Trump’s former Spiritual Adviser Robert Morris Quasi-Confesses to Molesting 12-Year-Old Girl. "Morris, the pastor of Texas’ Gateway Church, asked her to come into his room when...

case study image
18 Jun’ 2024

How do fossil fuel billionaires get away with HEAT WAVE MURDERS? Follow the money!

Who profits from sabotaging the fight against climate change? Fossil fuel billionaires. Stifling heat blanketed tens of millions across United States. Millions suffer. - Associated PressOil...

case study image
17 Jun’ 2024

How to organize a sham political rally

Worried that your racism is showing? Organize a sham rally! "Blacks for Trump? Really?! The real story that the “Black church” Trump went to was actually…filled...

case study image
16 Jun’ 2024

Will Lewis spreads Rupert Murdoch’s ‘Global Cancer on Democracy” to the Washington Post

Washington Post Publisher and Incoming Editor Said to Have Used Stolen Records in Britain "Will Lewis, the publisher and Robert Winnett the incoming editor of The...

case study image
15 Jun’ 2024

Don’t Become A MAGA Handmaid In The Republican War On Women

Raped by a man in position of power, Handmaids have no access to an abortion. The Handmaid's Tale is a fictional story about Gilead a Christian...

case study image
15 Jun’ 2024

MAGA ‘Dog Whistle’ Decoder

"Trump Pushes Racist Dog Whistle in Hush-Money Election Interference Trial" “The judge hates Donald Trump,” Trump said, creepily referring to himself in the third person. “Just...