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Windfall Profits Tax

6 Tips to Cut Your Income Taxes After a Windfall

Robert Pagliarini | Posted 11.05.2013 | Business
Robert Pagliarini

The money you get when coming into sudden wealth, whether through a lawsuit settlement, business sale, entertainment or sports contract, or stock options, can disappear in a hurry if you don't manage federal and state income taxes correctly.

Where Is Obama's Windfall Profits Tax On the Oil and Gas Industry?

Lloyd Chapman | Posted 04.17.2012 | Politics
Lloyd Chapman

The promise was displayed prominently at the top of the "economy" section of Obama's campaign website. However, the language regarding the windfall profits tax vanished in an unceremonious and abrupt manner.

Obama's First Year in Office Marred By Many Broken Campaign Promises

Lloyd Chapman | Posted 05.25.2011 | Business
Lloyd Chapman

President Barack Obama campaigned on the promise of "change we can believe in" and "an end to business as usual in Washington." After just one year i...

France Us Tax To Attacks Bank Bonuses, Following U.K.'s Lead | Ben Hall | Posted 05.25.2011 | Business

President Nicolas Sarkozy is to follow Britain's lead and impose a one-off tax on bonus pay-outs by banks operating in France. The French governmen...

Still No Windfall Profits Tax From Obama After Oil Tops $80 Per Barrel

Lloyd Chapman | Posted 05.25.2011 | Business
Lloyd Chapman

In the two years running up to the 2008 presidential election, President Barack Obama routinely promised to enact a windfall profits tax on the oil an...

Citigroup: Bonuses To Be Capped At Under $100,000 | Francesco Guerrera | Posted 05.25.2011 | Business

Citigroup is to cap cash bonuses for bankers at below $100,000, according to people close to the situation. The move is aimed at defusing the public i...

Martin Wolf: Windfall Tax For Wall Street Bonuses

Martin Wolf | Posted 05.25.2011 | Business

Windfall taxes are a ghastly idea. They are a sop to prejudice, a burden on risk-taking and a form of arbitrary confiscation. No sensible person shoul...

Left, Right & Center: Nobel Speech, Bank Bonuses, Health Care, Blackwater and the CIA

HuffPost Radio | Posted 05.25.2011 | Politics
HuffPost Radio

Obama's muscular moralism? Irreconcilable concepts? A new direction? LRC weighs in on Obama's Nobel Peace Prize acceptance speech.

Will Obama Now Fulfill His Windfall Profits Tax Promise?

David Sirota | Posted 05.25.2011 | Politics
David Sirota

In 2008, President-elect Obama proposed a windfall profit tax on oil companies. When oil later dropped below $80/barrel, his staff declared the tax was unnecessary. But this week, oil rose above the $80 mark again. What next?

Nail Banks with Super Taxes!

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Dr. Bhagwati fleshes out his prescriptions for the world economy and also provides his take on what he calls the "Wall Street Treasury Complex," the cause of the latest economic catastrophe.

ASBL President Lloyd Chapman discusses Obama and the economy on Fox's Cavuto

Chris Gunn | Posted 05.25.2011 | Business
Chris Gunn

The American Small Business League (ASBL) released the following video via YouTube this afternoon. In it, the ASBL's President Lloyd Chapman states th...

Obama's Oil Company Windfall Profits Tax and the Wall Street Journal's Celebration

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

The oil companies were not manipulating commodity prices. Their role has been limited to cheering on OPEC and lobbying our government to remain dangerously benign.

Obama Struggles To Explain Drop of Windfall Profits Tax for Oil and Gas Industry

Lloyd Chapman | Posted 05.25.2011 | Politics
Lloyd Chapman

The Obama camp's explanation as to why the windfall profits tax has been dropped is inconsistent with the facts and the actual series of events.

Obama Camp: Not Backing Off Windfall Tax Promise

Talking Points Memo | Posted 05.25.2011 | Politics

A spokesperson for the Obama transition team is reaffirming the President-elect's commitment to rolling back the subsidies that oil companies enjoy, c...

ASBL States, "Obama Drops Windfall Profits Tax for Oil and Gas Industry"

Chris Gunn | Posted 05.25.2011 | Business
Chris Gunn

The American Small Business League (ASBL) released the following video via YouTube this morning.

A Wall Street Windfall Profits Tax

Marilyn Barrett | Posted 05.25.2011 | Business
Marilyn Barrett

If Congress really wants to tax undeserved profits during the current economic melt-down, it should be looking at the finance industry.

The Obama Challenges

John Bruhns | Posted 05.25.2011 | Politics
John Bruhns

As President, Obama will need to confront two costly wars, global terrorism, an economy on the brink and a serious energy crisis. Don't expect immediate change.

Solar Air Heating -- Not Just for Old Hippies?

Rebekah and Stephen Hren | Posted 05.25.2011 | Green
Rebekah and Stephen Hren

With record oil profits and Obama proposing a windfall profits tax to help with winter heating woes, now seems a good time to revisit some old ideas on how best to spend this money.

NAFTA: America's Energy Solution

Diane Francis | Posted 05.25.2011 | Green
Diane Francis

North America should forget a continental energy policy which will guarantee its economic pre-eminence -- but this will only work if the US imposes strict conservation and Mexico changes its oil policies immediately.

Hugo Chavez's Very Excellent Windfall Oil Profit Tax

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Hugo Chavez is not a friend of ours, but he does come up with some good ideas, since we are dealing with a commodity that has left all ballast of free market determination far behind.