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windfall tax |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.01 sec. |
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windfall tax a tax levied on an organization considered to have made excessive profits, esp a privatized utility company that has exploited a monopoly How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Yet, with Democrats calling for windfall profits taxes, pushing nationalization of oil companies (as two Democrats already have), and forcing oil company CEOs to appear before Congress seemingly every month, it's a wonder we have any oil at all. The bill's supporters argued that their proposal was different from the windfall profits taxes of the early 1980s that thwarted domestic production and led to a rise in imports. California doesn't need Sacramento's schemes for confiscation of private property or windfall profits taxes, it just needs some economic common sense and solid leadership. |
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