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.

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.

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.

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.

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