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Who is John Galt?
Posted by Karl on May 6th, 2008
2008
May 6
A few weeks ago, House Resolution 5800 was introduced on the House floor by its sole sponsor Paul Kanjorski (D-Pa). The bill would amend the tax code by inserting a tax on windfall profits on oil and natural gas companies. What constitutes windfall profits? Well, that would be decided by the newly formed Reasonable Profits Board - a board of three persons, appointed by the president, whose job it would be to determine when a company has surpassed a reasonable level of profits and has entered windfall territory.
For the legions of Conservative Donnybrook readers in Pennsylvania, we would simply remind you that Paul Kanjorski is up for reelection this year. Don’t send this guy back to Washington.
