Gas Price Spike Act of 2008
To amend the Internal Revenue Code of 1986 to impose a windfall profit tax on oil and natural gas (and products thereof) and to allow an income tax credit for purchases of fuel-efficient passenger vehicles, and to allow grants for mass transit.
Other Bill Titles (2 more) 5/8/2008--Introduced.
Gas Price Spike Act of 2008 - Amends the Internal Revenue Code to impose a windfall profit tax on crude oil, natural gas, or products of crude oil or natural gas. Defines "windfall profit" as so much of the profit on a sale of crude oil, natural gas, or ... moreSee Full Bill Text
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| May 08, 2008 |
In the News
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Blog Coverage
July 14, 2008 Grijalva on the high price of gas
HR 6000, the Gas Price Spike Act of 2008 also gives tax credits for the purchase of ultra efficient vehicles and provides federal grants to reduce mass transit fees. These benefits will help shift the burden of high oil prices away from ...
June 09, 2008 NY-21: Steck Calls For Windfall Profits Tax On Oil Companies
NY-21 Democratic candidate Phil Steck issued a press release today calling for a windfall profits tax on oil companies as gas prices are well over $4 per gallon. Democratic congressional candidate Phil Steck announced today that he ...
Source: the albany project - Front Page
June 09, 2008 Itâs The Energy Crisis, Stupid. Part 3. Phil Steck Wants Windfall ...
Steck pointed to HR 6000, which was recently introduced by Congressman Dennis Kucinich, and is supported by over 60 members of the House, as legislation that is taking big oil interests head on. âBig oil companies are gouging the ...








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