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Key Votes

S AMDT 2626 - Temporary Tax on Crude Oil Amendment - Key Vote

National Key Votes

Barack Obama II voted Yea (Motion Vote) on this Legislation.

Read statements Barack Obama II made in this general time period.

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Stage Details

Legislation - Motion Rejected (Senate) (50-48) - (Key vote)

Title: Temporary Tax on Crude Oil Amendment

Vote Smart's Synopsis:

Vote on a motion to waive the Budget Act in order to adopt an amendment that establishes a Low-Income Energy Assistance Trust Fund to receive proceeds from a windfall profit tax imposed on crude oil companies that produce 500,000 barrels per year (a windfall profit is when a business earns unusually high profits due to some event not controlled by that business).

Note:

NOTE: A MOTION TO WAIVE THE BUDGET ACT, IF ADOPTED, TEMPORARILY SETS ASIDE A SPECIFIC PROVISION OF THE BUDGET ACT OF 1974 SO THAT AN AMENDMENT THAT VIOLATES THE ACT MAY BE CONSIDERED. A 3/5 MAJORITY IS REQUIRED FOR ADOPTION.

Legislation - Introduced (Senate) -

Title: Temporary Tax on Crude Oil Amendment

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