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Taxing Gas Profits Would Stress Industry Cycles

The idea of a special tax for the oil industry's windfall profits has gained more support recently. Commentator Benjamin Zycher says that the oil companies should not be penalized because oil profits are up.

From 1986 to 1999, when market conditions were weak and oil prices were low, no one advocated a windfall loss subsidy. In fact, economists say, businesses survive because they weather the ups and downs of a market.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

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SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

Federal funding is gone.

Congress has eliminated all funding for public media.

That means $2.1 million per year that Connecticut Public relied on to deliver you news, information, and entertainment programs you enjoyed is gone.

The future of public media is in your hands.

All donations are appreciated, but we ask in this moment you consider starting a monthly gift as a Sustainer to help replace what’s been lost.