© 2025 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Taxing Gas Profits Would Stress Industry Cycles

The idea of a special tax for the oil industry's windfall profits has gained more support recently. Commentator Benjamin Zycher says that the oil companies should not be penalized because oil profits are up.

From 1986 to 1999, when market conditions were weak and oil prices were low, no one advocated a windfall loss subsidy. In fact, economists say, businesses survive because they weather the ups and downs of a market.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

WKAR’s first live pledge drive since federal funding was eliminated is happening now. Our goal for the drive is $60,000 and reaching it will bring us one step closer to closing the federal funding gap.
Your support helps keep trusted journalism, classical music, and educational programming freely available for everyone in our community.
How can you help? Become a sustaining donor today. Already a sustainer? Please consider increasing your monthly contribution.