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iamthebandfanman

(8,127 posts) Sun Jan 19, 2014, 11:03 PM Jan 2014

whatever happened to this campaign idea?

"Obama says he would impose oil windfall profits tax"

http://www.reuters.com/article/2008/06/09/us-usa-politics-obama-idUSWAT00963020080609

3 replies

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whatever happened to this campaign idea? (Original Post) iamthebandfanman Jan 2014 OP

He did try in 2012 to get rid of oil industry tax breaks. Agnosticsherbet Jan 2014 #1

TY iamthebandfanman Jan 2014 #3

This message was self-deleted by its author RC Jan 2014 #2

Agnosticsherbet

(11,619 posts)

1. He did try in 2012 to get rid of oil industry tax breaks.

Reply to iamthebandfanman (Original post)

Sun Jan 19, 2014, 11:16 PM

Jan 2014

Obama asks Congress to vote down oil industry tax breaks

Congress didn't go for it.

He tried it again in 2013

Obama Recycles Old Plan to Tax Oil and Gas

Again, Congress hasn't gone for it.

Only Congress can raise funds, that means legislate taxes. The President can seek to set tax policy, but it must be done by Congress, and Congress doesn't like biting the hand that bribes it.

iamthebandfanman

(8,127 posts)

3. TY

Reply to Agnosticsherbet (Reply #1)

Mon Jan 20, 2014, 01:25 PM

Jan 2014

I had come across an article from 2008 and couldn't remember...

thanks for the info!

Response to iamthebandfanman (Original post)

RC This message was self-deleted by its author.

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