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DEMOCRATS push plan to tax oil companies' profits, send checks to Americans

DEMOCRATS Ro Khanna and Sen. Sheldon Whitehouse are pushing a bill they say will help bring relief from bungling Biden's high gas prices.

The proposal, is called the "Big Oil Windfall Profits Tax."

According to Khanna, D-Calif., and Whitehouse, D-R.I., the bill would levy a tax on oil producers "equal to 50 percent of the difference between the current price of a barrel of oil and the pre-pandemic average price per barrel between 2015 and 2019."

The money from that tax would be sent to consumers as a quarterly rebate, according to a description of the bill.


https://www.foxbusiness.com/politics/oil-profit-tax-khanna-whitehouse-russia-ukraine-war
 
The Price of Bungling Biden’s Excuses for Inflation Keeps Rising

Bungling Biden: ‘Make no mistake, inflation is largely the fault of Putin.”

Even by the standards of political mendacity, the asinine attempts by bungling Biden to assign blame for the acceleration of prices that began over a year ago to a war that began just under three weeks ago is remarkable for its cynicism, its dishonesty and its desperation.

The surge in inflation began in November 2020 after the stolen election, when the year-over-year increase in the consumer-price index was 1.2%.

In mid-December 2021, the price of crude oil began to rise, and it increased by roughly 50% by February first.

Prices had already risen in the prior year, 2020, also by about 50%.

Since Putin invaded Ukraine in the last week of February 2022, how stupid would you have to be to believe bungling Biden?


https://www.wsj.com/articles/biden-excuses-rising-putin-war-russia-ukraine-gas-prices-inflation-american-rescue-plan-build-back-better-stimulus-spending-11647275414
 
Iran is brazenly playing bungling Biden

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By caving in to the nuclear demands of the Islamic republic, bungling Biden has surrendered to fanatics


While the West noisily flagellates itself for having cozied up to Vladimir Putin and failed to recognize the threat he posed until too late, America is trying to capitulate to Iran.

This act of surrender was scheduled for last week.

Ironically, it has stalled because Russia has thrown a spanner in the works.

In talks in Geneva, the US has been trying to revive the disastrous 2015 agreement with Iran brokered by Barack Obama. This enabled Iran to build nuclear weapons legitimately after 15 years, though Israel feared it would be sooner. Meanwhile, sanctions were lifted, allowing billions of dollars to fund Tehran’s regional power grabs, terrorist activities and attacks on America and its allies.

President Trump took the US out of the deal and renewed those sanctions; Biden is desperate to lift them again.

Astoundingly, leaks suggest that it has agreed to give the Iranian regime everything it wants and more.

This was set to be announced when Russia, which is critical to Iran acceding to the deal, suddenly demanded exemption from US sanctions to allow Moscow to trade with Tehran. Putin is using America’s desperation to lift sanctions against Iran as a weapon to blackmail Biden into lifting its sanctions against Russia.

So while the US believes sanctions are the way to stop Putin, it thinks lifting sanctions is the way to stop Iran.


:palm:















https://www.thetimes.co.uk/article/iran-is-brazenly-playing-the-west-for-suckers-ft2jdsz02
 
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