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Kucinich to Regulate Oil Profits…Yeah, This Is Going To Work Great

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Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up “Reasonabl Profits Board” to control gas profits.

The Democrats, worried about higher gas prices, want to set up a board that would apply a “windfall profit tax” as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.

http://thehill.com/blogs/floor-action/house/205085-dems-propose-reasonable-profits-board-to-regulate-oil-company-profits

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