The Obama team's decision to drop the idea of forcing oil and natural gas companies to pay a tax on their windfall profits has caused a firestorm among liberals and small business coalitions.

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Exxon Mobil wants you to know that it cares about poor African children. Several are featured in a recent TV ad touting Exxon's donations to a charitable effort in Africa to fight malaria. Chevron wants you to know that it's a caring corporation, too.

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What we saw in the years of President Ronald Reagan — and now President Bush — was not in any sense a vindication of the genius Professor Friedman or the persuasive and charming Mr. Laffer.

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Welcome to the People's Republic of Alaska, where every resident this year will get a $3,200 payout, thanks in no small measure to the efforts of Sarah Palin, the state's Republican governor. That's $22,400 for a family of seven, like Palin's.

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Capitalists v. Socialists: Who Holds the Moral High Ground?

you have a right to be a capitalist @!$%#. but just know (and be willing to admit) that i'm MORALLY SUPERIOR because i'm willing to give....i choose to help even though my help may be lost in bureaucracy.

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With this summer's high gas prices, Americans are trading in their traditional vacations for "staycations" – vacations much closer to home. But compared with other things Americans might do, driving is still a bargain.

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The "windfall profits" tax is back, with Barack Obama stumping again to apply it to a handful of big oil companies.

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Gordon Brown will today plead with Saudi Arabia and other oil producers to channel some of their $3trn profits from the worst "oil shock" in history into wind, tidal and nuclear power in Britain and other western countries.

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The latest video from Robert Greenwald's Brave New Films lobs a key inquiry at John McCain, "Why won't McCain require oil companies to pursue alternate energy?"

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"The President of the Republic has asked the managing director of the IMF to look into the possible use of these exceptional profits to promote renewable energy," Laurent Wauquiez, secretary of state for employment, told the French Senate.

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Senate Republicans on Tuesday blocked a proposal to tax the windfall profits of the nation's biggest oil companies and eliminate some of the firms' tax breaks, rejecting Democratic claims that the measure would help assuage consumer anger over $4-a-gallon gasoline.

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The Republicans especially McCainand those in the Senate talk a good game about being for the working people but they vote with big business everytime.

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WASHINGTON (AP) -- If oil and natural gas prices stay as high as they've been in recent months, the government could lose as much as $53 billion over the next 25 years in energy royalties because of an adverse court ruling, according to congressional auditors.

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Maryland residents could save up to $2 billion in electricity costs if the state prevails in a complaint alleging that power suppliers made windfall profits because of flawed federal regulations, the Public Service Commission said Monday.

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The windfall, which by some estimates could be $2 billion or more this year, is a result of the transfer of millions of low-income people into the new Medicare Part D drug program that went into effect in January.

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Isn't this what we are calling profits now a days? With Clear Channel doubling their 1st quarter profits and Time Warner's profits climbing to $1.46 billion will congress go after them for their windfall profits? Aren't consumers suffering with ever higher cable rates and subst

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Interesting. I'm surprised to hear that Congress is getting it from both sides - they certainly deserve it.

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From the article:In a speech this morning before the Renewable Fuels Association, Mr.

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Gov. Rendell yesterday urged President Bush to impose a windfall profits tax on oil companies to curb "profiteering" that he said is driving the recent spike in gasoline prices.

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