Obama: Forget About That Windfall Profits Tax?
The American Small Business League sent me an email about this:
"President-elect Barack Obama has removed any reference of his promise to implement a windfall profits tax on the oil and gas industry from the Obama-Biden Transition Team website, www.change.gov. ... The promise was displayed prominently at the top of the “economy” section of Obama’s campaign website. That same information was transferred to Obama’s transition website, www.change.gov, when it was launched on Thursday, November 6th. However, the language regarding the windfall profits tax was removed on Saturday, November 8th in an unceremonious and abrupt manner."
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Reader Comments
Windfall Profits Tax
Those of us who have lived through 1970's know that we the consumer pay the "windfall profits" tax, not the oil companies.
Maybe Washington is finally getting some practical education on taxation.
I'm a believer
Iraq hawks at State and Defense (VP too), no tax hikes on income, no windfall profits tax...
I would have voted for THIS Obama...
Another sales pitch goes by the way side
Do you really believe he was going to increase th ecost of fuel in this economy?
Come on!
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