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Will oil companies pay a tax on massive profits?

President Biden is threatening to seek a windfall profits tax on big oil. Several companies reported a gush of record profits as prices at the pump surged while Russia is at war with Ukraine. Biden calls it “war profiteering.”

Here & Now‘s Deepa Fernandes talks about it with regular contributor Roben Farzad.

This article was originally published on WBUR.org.

Copyright 2022 NPR. To see more, visit https://www.npr.org.