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crude oil windfall profits tax act

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  1. On This Day: April 2 1980 President Jimmy Carter Signed the Crude Oil Windfall Profits Tax Act

    On This Day: April 2 1980 President Jimmy Carter Signed the Crude Oil Windfall Profits Tax Act

    On this day April 2 1980 United States President Jimmy Carter signed the Crude Oil Windfall Profits Tax Act into law. This legislation imposed a higher tax rate on oil companies to address the sharp rise in oil prices and capture some of the profits generated during the energy crisis. The tax...
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