Taxing Inequality: The Energy Industry's Profit Problem The recent surge in oil prices has been a boon for American energy companies, but it highlights an uncomfortable truth: their profits are not being fairly shared with the public.
As President Trump and other politicians point fingers at oil majors like ExxonMobil and Chevron, one Democrat is taking aim at the issue from a different angle.
Senator Martin Heinrich's proposed bill to eliminate tax breaks for U. S. oil and gas companies operating overseas is long overdue.