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Whitehouse-Khanna proposal
2
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1 publication
Finance
finance · Fortune
The Whitehouse-Khanna proposal would impose a 50% excise tax per barrel on the difference between the current average Brent crude price and the 2025 average of $69, resulting in a company owing $7.50 per barrel at the July 2026 average of $84.
“With a July 2026 average of $84, a company would owe $7.50 per barrel – regardless of production costs or profitability.”
7.5 US$/barrel
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finance · Fortune
The Whitehouse-Khanna proposal could give an estimated $216 a year to a single taxpayer at $100-per-barrel oil.
“could give an estimated $216 a year to a single taxpayer at $100-per-barrel oil.”
216 US$/year
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