Windfall Profits Tax?

An interesting bit in the Houston Chronicle, seems both McCain and Obama are looking to cash in on oil prices.  Only problem is, just like last time when that pet killer Jimmy Carter championed a windfall profits tax, the tax kill kill the golden goose.

This is America, and there is a solution to “obscene” corporate profits, buy their stock!  If they are making so much money and really have such great profit margins, then by all means invest and carry some of that profit home.  But do not expect that you will see a dime of that money if you let the government tax that corporation.  The end result will be the end of the “obscene” profit by crippling the corporation, costing more American jobs and general price increases.

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