Polling shows that voters overwhelmingly support cracking down on Big Oil and taxing their profits as gas prices have reached record highs.
looking to profit off of international conflict and pandemic-related economic uncertainty. Progressive lawmakers like Rep. Alexandria Ocasio-Cortez have called for accountability for the industry. “[T]here should be consequences” for oil company “profiteering,” Ocasio-Cortez tweeted last week.that would tax barrels imported or produced by large oil companies based on the difference between current prices and average pre-pandemic prices.
The polling suggests that passing such a bill would be a winning strategy for Democrats looking to have a leg up in the 2022 midterms. Though experts say that there is virtually nothing that President Joe Biden could do to affect gas prices, higher gas priceswith lower presidential approval; Biden’s approval began dipping in late summer last year, around when inflation began rising and gas prices followed.
Democrats have an opportunity to win over voters with messaging around gas prices as well. Sixty percent of poll respondents say that price gouging is a major cause of high gas prices; the same proportion also says that oil companies’ decisions to limit production and export large volumes of oil are keeping prices high.
“Democrats can increase their advantage on these issues by not taking Republican calls for expanded oil production at face value and by making sure voters understand these proposals for what they really are,” the polling memo reads. “For example, by 46 percent to 36 percent, voters oppose relaxing or eliminating clean water protections that limit the development of shale oil, and voters need to know that this is what Republicans want when they call on America to ‘drill, baby, drill.
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