When Congress Imitates South Park
There, that's more like it.
Straight from the Underpants Gnome's mouth:
In 2007, the Big Five oil companies reported record profits, with Exxon Mobil making over $40 billion. A windfall tax would help discourage these industries from consistently increasing their prices.
I am pleased to introduce a bill that would tax oil and gas companies for their excessive profits while encouraging them to decrease the prices for their products.
I am appalled by the spiraling prices at the gas pump and in home heating fuel. I am working to change the sharp contrast between the industries’ growing profits and Americans’ increasing inability to pay for oil and gas.
H.R. 5800 would tax such industries for their windfall profits. The bill would set up a Reasonable Profits Board to determine when these companies’ profits are in excess, and then tax them on those windfall profits.
U.S. Rep. Paul E. Kanjorski, Pennsylvania
A "Reasonable Profits Board"? That's right up there with government-approved carbon radius on the list of utterly ridiculous and downright scary shit. The difference being, of course, that the former is being proposed by a sitting U.S. Congressman, while the latter was the product of my over-active imagination.
That said, I want what Kanjorski is smoking.
I hope he brought enough to share with the whole class.