U.S. Senate Finance Committee Chair Ron Wyden (D-OR) has announced the Taxing Big Oil Profiteers Act, which includes a 21% additional tax on excess profits and a 25% excise tax on stock repurchase.

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Wyden Unveils Taxing Big Oil Profiteers Act

Washington, D.C. – Senate Finance Chair Ron Wyden, D-Ore., today unveiled the Taxing Big Oil Profiteers Act. The bill would double the tax rate of…