Sunday, November 23rd, 2014

Lack of windfall stalls windfall tax

Will a new bill stop gas prices from rising?
Will a new bill stop gas prices from rising?

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.