Senate debates windfall tax on oil profits amid high gas prices
Senate Democrats push a windfall profits tax on the five largest U.S. oil firms and seek to rescind 17 billion dollars in tax breaks over the next decade as gas prices top four dollars per gallon. The plan faces GOP opposition and a potential filibuster, with oil profits for Q1 totaling 36 billion dollars.
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Senate Democrats
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Richard Durbin
Illinois
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Gas Prices Dominate Kansas 2nd District race
In Topeka candidates for Kansas 2nd District say rising gas prices demand action but offer no quick fixes. Former Rep Jim Ryan and State Treasurer Lynn Jenkins filed for the Aug 5 GOP primary against Nancy Boyda, urging more oil supply through domestic exploration and ANWR drilling as part of a multi pronged approach.
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