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Republican wants Big Oil to share 10 pct profits
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Candidate
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| Contributor | RP |
| Last Edited | RP Nov 01, 2005 08:55pm |
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| Category | Opinion |
| News Date | Wednesday, November 2, 2005 12:45:00 AM UTC0:0 |
| Description | In the latest sign of Republican worry about high energy prices, the head of the Senate Finance Committee said on Tuesday he wants large oil companies to donate 10 percent of their record profits to help poor Americans pay winter heating bills.
Charles Grassley, an Iowa Republican and chairman of the Senate Finance Committee, said he sent a letter to oil companies to "embarrass" them into contributing to the Low Income Home Energy Assistance Program (LIHEAP).
Another top Senate Republican, Budget Committee Chairman Judd Gregg of New Hampshire, last week said he wants to look at a possible windfall profits tax to fund LIHEAP.
Both the White House and Senate Majority Leader Bill Frist oppose a windfall profits tax. |
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