Democrats Propose ‘Reasonable Profits Board’

Does That Sound Like Capitalism Or Socialism

Representative Dennis Kucinich (D-OH), and five other Democrats want to set up a “Reasonable Profits Board” to control gas profits. These Democrats, worried about higher gas prices, want to set up a board that would apply a “windfall profit tax” as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit…cont…

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