Hillary urges tax on oil profits

The Washington Times reports:

Sen. Hillary Rodham Clinton yesterday called for a two-year tax on oil company profits to help amass $50 billion for the creation of an energy research fund, saying dependence on foreign oil weakens national security.
"We need to reform our energy taxes so that large oil companies who reap huge benefits from unexpectedly high energy prices over the next two years will be required to pay a portion of their profits into the strategic energy fund," the New York Democrat said while outlining her energy plan at the National Press Club.

Central planning is an idea that some democratic socialists can't give up on.