Obama proposes $1,000 energy rebates for consumers

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http://news.yahoo.com/s/ap/20080801/ap_on_el_pr/obama

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.

Obama had earlier said the rebates should be part of a larger tax relief package. But now he says the slumping economy demands they be put in place immediately.