Corporate taxation in the United States

President Joe Biden is apparently sick of watching oil companies rake in record profits while consumers pay big bucks at the pump. He threatened new windfall profit taxes against fossil fuel giants, and cautioned corporations to cease cashing in the war in Ukraine, in a Monday speech.“It’s time for these companies to stop war profiteering, meet their responsibilities to this country, and give the American people a break,” Biden said in his impassioned remarks. Gas prices initially spiked following Russia’s invasion of…