They know this bill will go nowhere, but it gives them ammunition as we enter election season. They'll sit back and point fingers at their Republican challengers, saying that the GOP kept mom and pop from receiving money from greedy oil companies.
Democrats unveil plan to issue quarterly checks to Americans by taxing oil companies posting huge profits
- Democrats rolled out a plan to issue quarterly checks to Americans paid for with big oil profits.
- "The bigger thing is that it's going to save everyone money," Rep. Ro Khanna said in an interview.
- The proposal faces steep odds for passage given GOP resistance.
Democrats introduced a bill on Thursday to tax the largest oil companies recording their biggest profits in years — and use the money to provide quarterly checks to Americans facing sticker-shock just about everywhere they look.