Posted on 02/04/2016 12:41:35 PM PST by GreaterSwiss
President Barack Obama will propose a $10 per barrel charge on oil to fund clean transportation projects as part of his final budget request next week, the White House said Thursday.
The proposal would have difficulty clearing the Republican-controlled Congress.
Oil companies would pay the fee, which would be gradually introduced over five years. The government would use the proceeds to fund high-speed railways, autonomous cars and other travel systems.
"By placing a fee on oil, the President's plan creates a clear incentive for private sector innovation to reduce our reliance on oil and at the same time invests in clean energy technologies that will power our future," the White House said in a statement.
(Excerpt) Read more at cnbc.com ...
FUBO.... even most rats won’t support this working class tax hike...
I really wonder why he bothers to even float stuff like this. Are there even 100 members of the House and Senate combined who would vote for this?
Hank
Hey, Alabama is reaching to raise state taxes on gas since the prices have fallen.
God you gotta love politicians.
A “fee” like ObamaCare.
Ha haaa!!! Good luck with that, Bathhouse. Paul Ryan and Miotch McConnell will never allow that to....wait....why I laugh?
“The government would use the proceeds to fund high-speed railways...â€
To transport Muslim refugees and other assorted riffraff from one end of the country to the other no doubt.
20,000,000 barrels a day x 365 days/year x 10 dollars = you are right. I am not a victim of common core math but perhaps senility but in reality punching the wrong exponent on my calculator. Calculators rarely make mistakes, mine did after being washed and dried but I really can not blame Texas Instruments for that.
My stupid fingers often make mistakes.
Needs to give more of your money to his muslim buddies
No distinction made about imported oil? A tariff on imported oil would help our home-grown oil industry. Better yet — Art of the Deal, use such a tariff threat to negotiate zero-tariff exports to oil-producing nations.
I know it is not right to pray for his demise but I do every time I see or hear his name.
He has not done ONE single thing right for the middle class or the people that built or hold up America.
He was not put in the White House to benefit the middle class or the people who built up America. He was put in the White House to destroy the middle class and the people who built up America. And he has been quite successful doing that.
Yep, picking winners and losers then subsidizing them.
That is written in the Constitution. /s
:’)
No.
He’s such an A$$
Me too, I just want to go smack the crap out of him. I think he gets thrill out of seeing just how outrageous he can be.
Many of us hoped from the beginning that Obama would fail. But he hasn’t.
He knows full well. Evil, not stupid.
Don’t you mean communists? If so,say so.
Oh my gosh...that was good. Anyone have a cigarette? lol
Ya know, my ol blood's justa boiling this morning over Obozo’s new $10 a barrel tax on oil and the stand down orders for the border enforcement.
I just can't fathom the ineptitude and impotence of the republicans in congress. Wow. What a bunch of traitor b@5t@rd$.
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