The win-win play
Windfall profit Tax is as stupid and as populist idea as its twin monster the gas tax holiday. It was quite obvious from the beginning that the suggestion to impose the windfall profit tax was made as a counter offer to the gas tax holiday. Therefore it shouldn’t be surprising that the democrat majority was blocked so easily. Both Republicans and Democrats scored points with their potential voters and cause no real harm.
Now lets see how much fun can it be if someone will suggest windfall tax on the farmers who enjoy the rise of food prices. After all it make as much sense as windfall tax on oil companies - none.
Tags: Gas Tax, Pandering, Politics, Populism, Windfall profit taxRelated posts