,,iv #aafth ,,congress #b;d ,session ,h4 ,,res4 #abfg ,,in ,,the ,,house ,,of ,,representatives ,december #ag1 #bjbj,ms4 ,gabbard submitted the following resolution2 which was referred to the ,committee on ,ways and ,means1 and in addition to the ,committee on ,small ,business1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,,resolution ,expressing the sense of the ,house of ,representatives that ,congress must pass a pandemic excess profits tax on large corporations who have achieved windfall profits due to the ,,covid-#ai public health crisis4 ,whereas big technology corporations and big box retailers will emerge from the coronavirus crisis stronger than ever before1 and with a greater economic advantage over smaller businesses2 ,whereas at a time when small businesses and ,americans across the country are suffering catastrophic economic consequences due to the ,,covid-#ai pandemic and government-mandated restrictions1 certain corporations such as ,amazon1 ,walmart1 ,zoom1 and others have seen windfall profits due to the pandemic2 ,whereas ninety-nine percent of all businesses in the ,united ,states are small businesses1 accounting for forty-four percent of the ,u4,s4 gross domestic product 7,,gdp71 employing forty-seven percent of our country's workforce2 ,whereas according to a ,december national survey assessing the pandemic's economic impact to small business1 one-in-four small businesses will have to close their doors in the next six months if current economic conditions don't improve2 ,whereas large technology companies like ,amazon1 ,alphabet1 ,apple1 and ,facebook posted record profits during the ,,covid-#ai pandemic2 ,whereas it would be neither fair nor good for the ,united ,states economy for large corporations who have gained a competitive advantage over small businesses due to government-mandated restrictions1 to maintain such a competitive advantage in the post-pandemic economy2 ,whereas given most ,americans and small businesses are struggling or shutting their doors while big corporations are seeing a windfall of excess profits due to the crisis1 it is time to reinstate the wartime excess profits tax that was used during ,,wwi and ,,wwii to prevent certain corporations from crisis profiteering and opportunistically enriching themselves2 ,whereas excess profits taxes were originally adopted by ,congress to siphon off war profits from company's profiting as a result of the war and provide assistance to those who were struggling and who needed help the most2 ,whereas the economic impacts of the coronavirus pandemic continue to ravage small businesses and ,americans across the country1 and it is unethical and unconscionable that some corporations achieve windfall profits directly because of the pandemic crisis while everyone else suffers2 ,whereas the ,federal ,government is spending trillions of dollars in emergency assistance to help struggling individuals and businesses1 pushing the country further into debt2 and ,whereas corporations who are experiencing obscene financial benefit and competitive advantage over other smaller corporations as a result of the pandemic have a responsibility to assist with the relief efforts for those struggling the most3 ,now1 therefore1 be it ,that it is the sense of the ,house of ,representatives that ,congress should reinstate a pandemic excess profits tax on large corporations who have made excess profits due to the pandemic and related government restrictions by using average gross earnings from #bjaf1 #bjag1 #bjah1 and #bjai and subtract the average from total #bjbj gross earnings1 and apply a #ie-percent tax rate to the excess profits which shall be directed to fund economic relief to small businesses4