Morning Update: Taxing Energy Issue
In a speech in Winston-Salem, North Carolina, Sen. Barack Obama (D-IL) again attacked proposals for a gas tax holiday. Obama said he, like Sen. Hillary Clinton (D-NY), favors a windfall profits tax on oil companies, and that he would “invest that money in clean, affordable, renewable sources of energy like wind power, and solar power, and biofuels, so that we’re not here talking about high gas prices next summer, and the summer after that, and five summers after that.”
