The oil and gas boom of the past 5 years or so is widely seen as the brightest spot of an otherwise moribund U.S. economy. In fact, a group of economists from Purdue University recently found that without this boom the U...
- Audio Commentary: Are Windfall Profits Taxes Good Economi...
Audio Commentary: Are Windfall Profits Taxes Good Economics?
In the wake of record profit reports by several large U.S. oil companies, many lawmakers have renewed calls for a "windfall profits" tax on the industry. The following audio commentary was recorded by Tax Foundation President Scott A. Hodge, exploring the economics of windfall profits taxes.
To listen, please click the link below.
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Facing a $3.2 billion deficit, newly elected Connecticut Governor Dannel Malloy (D) recently proposed a FY 2012 budget that would increase taxes by $1.5 billion, cut spending by $...
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