Obama proposes $1,000 energy rebates for consumers

ST. PETERSBURG, Fla. – Democratic presidential candidate Barack Obama is calling for a $1,000 “emergency” rebate to consumers to offset soaring energy costs.

Obama says the rebate would be financed with a windfall profits tax on the oil industry.

“This rebate will be enough to offset the increased cost of gas for a working family over the next four months,” Obama said in remarks prepared for delivery Friday at a town hall meeting in the crucial swing state of Florida.

AP