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Obama Appears to Drop Oil Windfall Tax Proposal

HeadlineDec 05, 2008

Back in the United States, President-elect Barack Obama is coming under criticism for apparently backtracking on a campaign promise for a windfall tax on oil company profits. The American Small Business League says the Obama campaign has deleted the windfall tax proposal from its transition website. An Obama aide said the windfall tax proposal was only introduced when oil was above eighty dollars a barrel.

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