Taxing Exxon's Windfall From Hurricane Katrina


 

Publication Date:

Publisher: Center for Economic and Policy Research

Author(s): Dean Baker

Research Area: Government

Keywords: Oil industry; Windfall profit tax; Federal deficit

Type: Report

Coverage: United States

Abstract:

Hurricane Katrina left a wake of deadly destruction that will require an expensive clean-up. This paper examines how reconstruction could be funded by the windfall profits from oil companies.