[ [link removed] ]Adam Schiff for Congress




When is enough, enough, John?

For the five biggest oil companies that have spent months gouging their
customers at the pump, there appears to be no end in sight.

Shell, Chevron, ExxonMobil, ConocoPhillips, and BP have increased their
profits by over 300 percent in the first quarter of the year compared to
2021. Even when oil prices have fallen, gas prices have hit new highs,
leaving Americans struggling to pay the out-of-control prices at the pump.

$35 billion in profits in just three months. With gas costing $4.50 a
gallon nationwide and well over $6 a gallon here in Los Angeles.

[ [link removed] ][IMG]

Gas prices are just too damn high. And I have a bill to lower them. Here’s
my plan:

I just introduced the Federal Gas Tax Suspension and Windfall Profits Tax
Act to suspend the federal gas tax of 18.3 cents per gallon through
December 31, 2023.

My bill would create a new 50% tax on Big Oil’s windfall profits, that is,
any profit they make well in excess of what they did in prior years. The
effect of the windfall profits tax will be to keep revenue for the Highway
Trust Fund neutral even while eliminating the gas tax on consumers,
thereby providing immediate financial relief for commuters, and ensuring
transportation projects like the ones just greenlit from the
infrastructure law continue to move forward.

Essentially, lowering your gas prices, and making Big Oil pay for it.

[ [link removed] ]Add your name as a citizen co-sponsor of my bill if you support
suspending the federal gas tax and instituting a new 50% tax on Big Oil’s
record profits to pay for it.

[ [link removed] ]ADD YOUR NAME

This is cut and dry, John. Congress must choose between the
interests of commuters and the interests of Big Oil.

I know what side I’m on. And I think you do too.

[ [link removed] ]Add your name as a citizen co-sponsor of my Federal Gas Tax Suspension
and Windfall Profits Tax Act today.

Thanks for raising your voice with me.

— Adam




150 E. Olive Ave., Suite 208 Burbank CA, 91502

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