Tuesday, June 10, 2008


Senate Blocks "Windfall Profits" Tax
This morning, a cloture vote on the Democrats' scheme to impose a "windfall profits tax" on America's oil companies failed on a 50-44 vote. The bill would have imposed a 25% surtax on any "unreasonable" profits being earned by the oil companies, among other provisions. The roll call is here. Several of the usual suspects--Corker, Smith and Snowe--voted with the Democrats. Every Democrat who was present voted in favor of the measure, but four Democrats, including Barack Obama and Hillary Clinton, didn't show up; John McCain was absent as well.

I've posted about this in the past here and Greg has a good post on it here.

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