01/04/2009 05:12 am ET | Updated May 25, 2011

Obama Camp: Not Backing Off Windfall Tax Promise

A spokesperson for the Obama transition team is reaffirming the President-elect's commitment to rolling back the subsidies that oil companies enjoy, confirming that Obama's campaign promise on this score is still fully operative.

"Yes," replied Obama transition team spokesperson Nick Shapiro, when we asked him whether Obama remained committed to rolling back the oil company subsidies.

We posed the question to the Obama in the wake of yesterday's news that Obama wasn't imposing a windfall profits tax on the oil companies, something that got some progressives to worry whether Obama was preparing to soften his policies in the face of corporate opposition.

Read more on Talking Points Memo

Subscribe to the Politics email.
How will Trump’s administration impact you?