 reasonable profits  six house democrats want to set up a reasonable profits board to control gas profits the democrats want to set up a board that would apply a windfall profit tax as high as 100 percent on the sale of oil and gas according to their legislation the bill provides no specific guidance for how the board would determine what constitutes a reasonable profit the gas price spike act hr 3784 would apply a windfall tax on the sale of oil and gas that ranges from 50 percent to 100 percent on all surplus earnings exceeding a reasonable profit it would set up a reasonable profits board made up of three presidential nominees that will serve threeyear terms unlike other bills setting up advisory boards the reasonable profits board would not be made up of any nominees from congress for the complete article click on the following story link  http thehillcom blogs flooraction house 205085demsproposereasonableprofitsboardtoregulateo 18  reasonable profits  