AFL-CIO pushes excess profits tax on energy firms
The AFL-CIO urges Congress to impose an excess profits tax on energy companies to curb windfalls from fuel shortages. It also opposes Treasury plans to raise gasoline taxes and favors rationing as a response, outlining its stance in a letter to House committee chair Harley Staggers.
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George P. Shultz
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Harley 0. Staggers
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Staggers
AFL-CIO urges limits on energy profits and congressional action
Biemiller urges the Staggers committee to reject blank check power for Nixon and presses for an excess profits tax on industry. He calls to end tax credits and depletion allowances for oil firms and to establish export controls with licensing on energy fuel exports.
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