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Oil tax debate moves to funding allocation decision
A House Ways and Means vote split over President Carter’s oil tax plan raising gasoline costs to curb demand. The panel backed higher taxes with watchdog aims to prevent windfall profits and consider rebates to consumers, while a $2.5 billion producer subsidy was defeated 21-16.
MENTIONED IN THIS ARTICLE
Washington
House
Carter
Edie
Rgd
Jody Powell
House Ways and Means
Powell
Congress
United States
U.S
Joe Waggoner
Dla