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Oil Companies Pay Low Federal Taxes, Podell Charges
Rep Bertram Podell released figures showing 13 oil majors paid federal taxes at rates near 20 percent in 1968 and 21 percent in 1967 while a $4000 earner faced 22 percent. He singled out Sinclair Gulf Atlantic Richfield Standard Oil and others, calling the oil industry a fourth level of government and urging tax reform.
MENTIONED IN THIS ARTICLE
Podell
Securities and Exchange Commission
Wilbur D. Mills
D-Ark
House
Ways and Means Committee
Sinclair
I.0.u
Atlantic-Richfield
Gulf
Standard Oil of
New Jersey