Clarification on the Misunderstood 'Windfall Profits Tax' and Proposed Alternative
- Identifier:
- CAC_CC_109_4_22_23_0019
- Contributing Institution:
- Carl Albert Congressional Research and Studies Center, University of Oklahoma, Norman, OK
- Title:
- Clarification on the Misunderstood 'Windfall Profits Tax' and Proposed Alternative
- Date Created:
- 1979-07-19
- EDTF:
- 1979-07-19
- Creator:
- unknown
- Rights:
- http://rightsstatements.org/vocab/NKC/1.0/
- Language:
- eng
- Record Type:
- correspondence
- Collection:
- James R. Jones Collection
- Collection Finding Aid:
- https://arc.libraryhost.com/repositories/3/resources/70
- Description:
- The document discusses a proposed tax on oil called the windfall profits tax, which is actually an excise tax on the difference between controlled and decontrolled oil prices. The author explains their efforts to create a substitute proposal that would make the tax less punitive and provide incentives for domestic oil production. The substitute proposal passed the House of Representatives and is now in the Senate for further improvements.
- Policy Area:
- Finance and Financial Sector
- Topic:
- Banks and banking--United States, Labor Unions--United States
- Congress:
- 96th (1979-1981)
- Physical Location:
- CAC_CC_109_4_0000, Box 22, Folder 23, University of Oklahoma, Carl Albert Center Archives, Norman, OK, Standard Shelving
- Location Represented:
- United States (nation), Oklahoma (state)
- Type:
- Text
- Extent:
- 2 Pages
