Crude Oil Windfall Profit Tax Act of 1980
id:
crude-oil-windfall-profit-tax-act-of-1980-164-8770990
title:
Crude Oil Windfall Profit Tax Act of 1980
text:
The Crude Oil Windfall Profit Tax Act of 1980 was enacted as part of a compromise between the Carter Administration and the Congress over the decontrol of crude oil prices. The Act was intended to recoup the revenue earned by oil producers as a result of the sharp increase in oil prices brought about by the OPEC oil embargo. According to a report by the Congressional Research Service, the Act's title was a misnomer. "Despite its name, the crude oil windfall profit tax... was not a tax on profits
brand slug:
wiki
category slug:
encyclopedia
description:
Repealed US federal law; excise tax
original url:
https://en.wikipedia.org/wiki/Crude_Oil_Windfall_Profit_Tax_Act_of_1980
date created:
2020-12-06T20:48:11Z
date modified:
2024-08-28T22:25:10Z
main entity:
{"identifier":"Q104879122","url":"https://www.wikidata.org/entity/Q104879122"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/4/44/Oil_price_chronology.gif","width":605,"height":480}
fields total:
13
integrity:
16