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The Nexus
BUSINESSJul 16 · 09:01 UTCNPR NEWSJulia Simon

Oil companies are making billions. In the U.S., calls to tax their windfall are growing

Higher oil prices since the Iran war began have led to excess profits for many oil companies. Some U.S. lawmakers are advocating to tax these windfall profits and allocate the funds to lower-income Americans.

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