Consumer First Energy Act of 2008
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Consumer First Energy Act of 2008[1] is a set of initative laid out by the US Democratic Party on Wednesday May 7th 2008. The plan was first mentioned by House Speaker Nancy Pelosi on April 27th 2006. [reference needed]
The few details that have been released include:
1) A 25% winfall profit tax on any energy company that didn't invest in new energy sources.
2) End $17 billion in tax breaks to energy companies.
3) Prevent the Dept of Energy from adding to the Strategic Petroleum Reserve until the price of crude oil averaged under $75 for 90 days.
4) Require the CFTC to boost Margin requirements for Oil futures.
The bill was last debated on 5 June 2008 [2]
[edit] References
- ^ "Consumer First Energy Act of 2008 - US Senate"
- ^ "Senate website - see the floor schedule section (may be relocated at a future date)"
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