Lack of windfall stalls windfall tax
By Angie Drobnic Holan
Published on Tuesday, March 10th, 2009 at 6:32 p.m.
President Obama's first budget proposal addresses several promises on energy, but some of them have more momentum than others. One, in fact, seems to be out of gas.
The budget includes proposals to end exemptions for oil and gas companies, which is Promise No. 2 in our Obameter database. So we've moved the needle for that one to In the Works .
But Obama's well-known pledge to enact a windfall profits tax on oil and gas companies — Promise No. 446 — is not in his budget proposal. We could find no evidence that Obama has discussed it since he took office, nor could we find that anyone in Congress has even proposed the idea. So we've rated that promise Stalled .
You can browse our subject file to see how all of Obama's promises on energy are doing.
Sources:
See individual items for sources.
Researchers: Angie Drobnic Holan
Names in this article: Barack Obama
We want to hear your suggestions and comments.
For tips or comments on our Obameter and our GOP-Pledge-O-Meter promise databases, please e-mail the Obameter. If you are commenting on a specific promise, please include the wording of the promise.
For comments about our Truth-O-Meter or Flip-O-Meter items, please e-mail the Truth-O-Meter. We’re especially interested in seeing any chain e-mails you receive that you would like us to check out. If you send us a comment, we'll assume you don't mind us publishing it unless you tell us otherwise.Keep up to date with Politifact:
- Sign up for our e-mail (about once a week)
- Put a free PolitiFact widget on your blog or Web page
- Subscribe to our RSS feeds on Truth-O-Meter items
- Subscribe to our RSS feeds on GOP Pledge-O-Meter items
- Subscribe to our RSS feeds on Obameter items
- Follow us on Twitter
- Fan us on Facebook
- Advertise on PolitiFact
- Shop the PolitiFact store for T-shirts, hats and other PolitiFact swag
