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News 2026-10-17 14:34 UTC

Sanders Calls for Windfall Profits Tax on Oil Companies

Sen. Bernie Sanders called for a windfall profits tax on oil companies, arguing they gained $125 billion this year as consumers faced higher energy costs. The figure cites a Democratic Joint Economic Committee minority brief estimating first-half 2026 profits of $125.2 billion for more than 20 major oil and gas produce