Republican wants Big Oil to share 10 pct profits

Reuters reports:

In the latest sign of Republican worry about high energy prices, the head of the
Senate Finance Committee said on Tuesday he wants large oil companies to donate 10 percent of their record profits to help poor Americans pay winter heating bills.

Republicans are growing increasingly concerned about oil profits triggering a consumer backlash when winter heating bills start to arrive in the next few weeks. The government forecasts natural gas costs in the U.S. Midwest will soar by 61 percent while heating oil in the Northeast jumps nearly 30 percent this winter.

Charles Grassley, an Iowa Republican and chairman of the Senate Finance Committee, said he sent a letter to oil companies to "embarrass" them into contributing to the Low Income Home Energy Assistance Program (LIHEAP).

No word yet on why Comrade Grassley isn't talking about getting rid of the federal gas tax at the pump.Who ever said the Republicans aren't for big government and socialism?