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California might levy a new tax on oil companies. Here's what to know

Original post made on Nov 8, 2022

Here are the basics of the new windfall profit tax Gov. Gavin Newsom proposed, and how similar taxes have worked in the past.

Read the full story here Web Link posted Monday, November 7, 2022, 9:53 PM

Comments (1)

Posted by Parent and Voter
a resident of Danville
on Nov 8, 2022 at 6:10 am

Parent and Voter is a registered user.

Taxing is what California does best. Higher costs for all businesses are passed along to the consumer. I wonder if California will increases taxes for wealthy companies like Amazon and Facebook? Or do they have loopholes given to them?

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