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Chris Wright: “Any short term tax like [a windfall profits tax] for a…”

Featuring: Chris Wright, Republican | Secretary of Energy | National

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'You Support That Idea?': Richard Blumenthal Presses Chris Wright On Suspending Federal Gas Tax

Published | Video Starts at 03:00

And I think getting less of energy is not a good strategy. And if you look at historical records. So you would oppose a windfall profits tax? Any short term tax like [a windfall profits tax] for a shortage of any product is a bad idea. Is there a way to assure that, for example, some of these profits go back to consumers? In particular that the suspension of the gas tax goes back to consumers rather than to fatten the profits of big oil companies. (03:00–03:06)

CLAIM

Asserts that a windfall profits tax during a product shortage is a bad idea.

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