S. 4588: Taxing Buybacks from Big Oil Windfalls Act

S. 4588 is a federal bill in the 119th Congress. Large oil and gas companies that make at least one billion dollars in average annual gross receipts currently pay a one percent tax when they repurchase their own corporate stock. This bill increases that specific tax rate to twenty-five percent. Before… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.