WhatFinger

Jimmy Carter, Domestic Crude Oil Windfall Profits tax on oil companies

Obama is Channeling Jimmy Carter


In 1980, President Jimmy Carter set in motion the energy crisis that America is experiencing today. He was aided by a Democrat-controlled Congress that imposed a Domestic Crude Oil Windfall Profits tax on oil companies who he blamed for the crisis that had led to long lines at gas stations. It was, however, the OPEC nations, not the oil companies, that decided to force up the price of oil.
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