Where is the windfall tax on oil revenue? (Barack Obama, election, elect)

[joejitsu]

In the two years running up to the 2008 presidential election, President Barack Obama routinely promised to enact a windfall profits tax on the oil and gas industry to fund a $1000 per household energy rebate. Shortly after being elected, President Obama quietly dropped the promise from his agenda. An anonymous transition team staffer tried to justify the decision by stating, "President-elect Obama announced the policy during the campaign because oil prices were above $80 per barrel. They are currently below that now and expected to stay below that." Obama shelves oil company tax after price fall: aide | Reuters

Source: [URL="http://www.huffingtonpost.com/2010/01/04/gop-warning-of-a-new-epa_n_410750.html"]http://www.huffingtonpost.com/2010/01/04/gop-warning-of-a-new-epa_n_410750.html[/url]