#Trump says he supports a suspension of the #gasTax.

Even with the suspension of the gas #tax, highway robbery by #oil companies will continue.

Oil companies still make more money than before Trump started the #Iran war as global oil prices remain high.

With the abatement of the gas tax, the government no longer makes the money it used to make, even though oil companies keep getting fatter.

The answer is to impose a #windfallTax on oil and use that to subsidize gas.

https://abcnews.com/Business/trump-supports-suspension-gas-tax-wallet/story?id=132842458

Soaring energy profits reignite calls for a windfall tax across Europe.

European oil and gas companies that posted huge profits in the first quarter on soaring prices caused by the war in the Middle East face new calls from London to Paris to tax their outsized gains.

https://mediafaro.org/article/20260511-soaring-energy-profits-reignite-calls-for-a-windfall-tax-across-europe?mf_channel=mastodon&action=forward

#Energy #WindfallTax #OilIndustry #OilPrices #FuelPrices #Tax #Politics

Phillip Lowe in a Frock

https://urbanwronski.com/2026/05/07/phillip-lowe-in-a-frock/

Gina Rinehart suddenly deciding taxes are terrible when they touch gas profits is peak billionaire logic. If windfall taxes are “unfair,” maybe the real issue is letting multinational fossil fuel giants pocket our natural wealth while everyone else cops the costs. Tax the windfall, fund public services, and stop pretending “energy security” means corporate security.

The AFR can bang the drum against a gas windfall tax all it likes, but it’s worth remembering its parent company has big shareholders who may benefit from mining and resource profits. That doesn’t prove the argument is wrong, but it does make the billionaire panic look a lot less convincing.

#GasTax #WindfallTax #BigBillionaires #FossilFuels #PublicServices #Australia #EnergyPolitics #TaxJustice #Auspol

https://www.afr.com/policy/economy/rinehart-s-riches-show-why-we-shouldn-t-slap-windfall-tax-on-gas-20260422-p5zpyx