Oil companies are making billions. In the U.S., calls to tax their windfall are growing

Higher oil prices since the Iran war began mean many oil companies have brought in excess profits. Some U.S. lawmakers want to tax those windfall profits and give the money to lower-income Americans.

<img src='https://npr.brightspotcdn.com/dims3/default/strip/false/crop/4140x2760+0+0/resize/4140x2760!/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F2d%2F2e%2F3d27f27a492c8c32fbaf6f211809%2Fgettyimages-2266990984.jpg' alt='Oil prices have risen since the war began but the cost of actually producing oil hasn't changed that much, according to the American Petroleum Institute. Some U.S. lawmakers want to tax oil companies' windfall profits.'/><p>Higher oil prices since the Iran war began mean many oil companies have brought in excess profits. Some U.S. lawmakers want to tax those windfall profits and give the money to lower-income Americans.</p><p>(Image credit: Brandon Bell)</p><img src='https://media.npr.org/include/images/tracking/npr-rss-pixel.png?story=nx-s1-5845818' />