Newsom to call special session to impose tax on oil companies’ profits amid record gas prices

California Gov. Gavin Newsom (D) announced Friday that he plans to call a special session of the state legislature in December to impose a tax on oil companies’ profits as gas prices remain at record levels in the state. The governor’s press office said in a tweet that Newsom is calling for the session on Dec. 5 to “hold greedy oil companies accountable” with a windfall tax on their profits.-- More...