Obama seeks $10-per-barrel oil tax to fund clean transport

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WASHINGTON (AP) — President Barack Obama wants oil companies to pay a $10 tax for every barrel of oil to help fund investments in clean transportation.

Obama will formalize the proposal Tuesday when he releases his final budget request to Congress. The $10-per-barrel fee is expected to be dead-on-arrival among Republicans who control Congress and oppose new taxes and Obama’s energy policies.

Still, the White House hopes the proposal will drive a debate about the need to get energy producers to help fund efforts to fight climate change.

The White House says the fees would be used to increase funding by $20 billion per year for traffic reduction and new modes of transportation like high-speed rail. Other funds would help cut carbon dioxide emissions within regional transportation systems and integrate self-driving cars.

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5 comments

  • NO PC FOR ME

    Of course he does. Tax Americans into the poor house.
    His last year in office the true barack hussein obama will become evident.
    The average american has lost %30 of their wealth since Barry took office, he wants the other 70%.
    Most of the lefts base pays for nothing, so it won’t effect them

  • Dean

    Why does he even bother? This is an election year, and the American public are seeing their first glimmer of hope in the economic situation that we have seen since THE GOVERNMENT allowed the Great Recession to occur. That glimmer, the lowering of gas prices, is just now starting to provide a little relief for most Americans. Yet here he is ready and willing to yank even this little bit of positivity from under the feet of the American people.

    Obama is a traitor. He is nothing short of a traitor to the American people. He has broken his oath, he has ignored the will of the people, and he has put foreign interestsd ahead of American interests. That is treason! Yet no one is calling for him to be tried, and a significant part of the population is gearing up to put another one just like him in the White House, except Clinton is even more of a criminal, and Sanders is even more of a Commie.

    So yeah, if you want more of our Constitution to be destroyed vote fro Clinton. If you want a $10 tax on a barrel of oil, which will then shoot back up to $150, vote for Sanders.

  • Andrew

    If clean transportation needs funding, let it get that funding by creating a product that is sellable on the open market….just like every other business has to do. Otherwise you are just setting us up for bailout after bailout in the future. What an idiotic and insulting idea!