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UK Considering Windfall Oil Tax
James Joyner | September 04, 2008A "growing cohort of legislators in the ruling Labour Party" is calling upon Prime Minister Gordon Brown to support a windfall profix tax on energy companies to subsidize fuel for the poor, Mark Rice-Oxley reports for The Christian Science Monitor. While "at least 80" MPs have signed a petition, the measure remains highly controverial: "Critics say it's a subversion of the very idea of a capitalist market system and point out that no other industry is punished this way. Nor, they say, is Big Oil bailed out when oil prices tumble."
