Moron alert: House Dems define "reasonable profit"

Six House Democrats want to create yet another federal agency: a “Reasonable Profits Board” to control gas profits. Their desired agency would apply a “windfall profits tax” as high as 100 percent on sales of oil and gas, according to their legislation, called the "Gas Price Spike Act."

The bill seeks to impose a tax ranging from 50 percent to 100 percent on all earnings deemed "surplus," which is defined as "exceeding a reasonable profit.” It would set up a Reasonable Profits Board--staffed by presidential nominees who would serve three-year terms.

If this doesn't seem sufficiently goofy/communist, here's a direct quote from the proposed bill:

(4) REASONABLE PROFIT.—The term ‘reasonable profit’ means the amount determined by the Reasonable Profits Board to be a reasonable profit on the sale.

Oh, well, thank you SO much for defining "reasonable profit" in such a clear, straightforward way. It's clear that y'all are definitely intellects of the first order.

WHO ELECTS THESE FUCKING MORONS???