'Could Be a Political Game Changer': Biden to Float Windfall Profits Tax on Oil Giants

Contributing sentiments towards policy:

60% : Biden is set to float the popular tax proposal during a White House speech at 4:30 pm ET, days after oil companies in the U.S. and Europe reported massive -- and, in the case of ExxonMobil, record-shattering -- profits for the third quarter of this year.
41% : Biden has repeatedly criticized oil companies for raking in huge profits at the expense of U.S. consumers, but he's thus far stopped short of backing specific legislative action to punish the fossil fuel industry over its profiteering despite survey data showing that a windfall profits tax is extremely popular with the U.S. public.
38% :Following months of sustained pressure from progressive campaigners and members of Congress, President Joe Biden on Monday is reportedly planning to suggest imposing a windfall profits tax on oil companies if they refuse to boost production and lower costs for consumers.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.