Windfall Profits Tax Unceremoniously Dumped From Obama’s Energy Plan

By: Steve Maley (Diary)  |  December 5th at 04:05 PM  | 

Thanks to crude oil prices that have fallen over $100 per barrel since July’s historic highs, there are no more windfall profits to tax. From the Houston Chronicle: President-elect Barack Obama has shelved a proposal to slap the oil and gas companies with a new windfall profits tax because oil prices have dropped so much in recent months, the transition team confirmed today. “President-elect Obama | Read More »

Obama’s Wrongheaded, Lame, Wasteful, Pointless Energy Plan

By: Steve Maley (Diary)  |  October 15th at 01:50 PM  | 

Obama’s website http://my.barackobama.com/page/content/newenergy outlines the detail of his energy plan. It reeks of Central Planning and is committed to the core Democratic value of Solving A Problem By Throwing Dumptrucks Full Of Money At It. The centerpieces of the Obama-Biden New Energy Plan are: a Windfall Profits Tax/Middle Class Tax Credit that will never happen; $150 billion/10 year/5 million job make-work plan that is woefully | Read More »