A California congressman is introducing a new bill designed to lower gas prices. This comes as Los Angeles County hit a new record for gas prices Tuesday.
Auto travel is even busier this year than it was last year, making those freeways packed and getting home an expensive journey.If implemented now, that would equate to a 18.3 cent drop per gallon at the pump."300% increase in profits, so don't let anyone tell you this is just the supply chain operating or even the just war in Ukraine," Schiff said."This is also gouging, [profiteering] excess profit and exploitation by the oil industry at the expense of American consumers.
This tax money normally goes toward infrastructure like highway construction and mass transit projects across the nation. "So to ensure the federal highway trust fund maintains its robust funding, this bill would make big oil cover those costs through a new windfall profits tax," Schiff said. Raul Rodriguez, a senior citizen, rides his bike to save money. He said he also has to cut back on groceries."Stop being greedy," Rodriguez said."The greed has taken over this country. Think about the people that are living on fixed incomes, think about the families and be more generous."
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