Democratic presidential candidate Barack Obama's proposal for a windfall profits tax on oil companies could cost $15 billion a year at last year's profit levels, a campaign adviser said.The plan would target profit from the biggest oil companies by taxing each barrel of oil costing more than $80, according to a fact sheet on the proposal. The tax would help pay for a $1,000 tax cut for working families, an expansion of the earned- income tax credit and assistance for people who can't afford their energy bills.
"In fact, in Feelingstown, facts become insults: If facts debunk feelings, it is the facts that must lose." Ben Shapiro
Friday, May 02, 2008
That will drop gas prices
Labels:
National Politics
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment