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Senate Moves to Tax Obama’s Windfall Campaign Cash

by Scott Ott · 59 Comments

(2008-06-10) — Rebounding from today’s failed effort to increase taxes on the “windfall profits” of U.S. oil companies, Senate Democrats quickly introduced a bill to tax “windfall campaign contributions”.
The move comes as Democrat presidential nominee Barack Obama stands poised to raise $100 million in June, when just two months ago he raised only $31.3 million.

“Obama [...]

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Tags: Business · Politics · U.S. News