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Obama to propose $10 per barrel fee on oil
CNBC ^ | 2/4/2016 | Jacob Pramuk

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 ...


TOPICS: Breaking News; Business/Economy; Foreign Affairs; Government
KEYWORDS: 0bama; donttreadonme; energy; gop2016; grovernorquist; idiocracy; impeach; methane; obama; obamaoiltax; obamaroads; oil; oiltax; opec; petroleum; tanstaafl; tarandfeathers; zerocommonsense
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To: GreaterSwiss
the bigs protected again...

and they say we have a free capitalist society...

if the markets weren't rigged, our fuel prices would be even lower...

41 posted on 02/04/2016 1:06:52 PM PST by cherry
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To: GreaterSwiss

Has Obama ever proposed cutting any spending besides on the military and our vets?


42 posted on 02/04/2016 1:07:31 PM PST by patq
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To: Angels27
Any Republican in congress that votes for this BETTER be run out of office on a rail in November.

$10 says Paul Ryan will support it....

43 posted on 02/04/2016 1:07:33 PM PST by kjam22 (America needs forgiveness from God..... even if Donald Trump doesn't)
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To: GreaterSwiss

“The government would use the proceeds to fund high-speed railways...”

If fast choo choos were so economically viable, the private sector would be building them. There would be no need for the government to tax the private sector and the public to build Obama’s Solyndra on rails.


44 posted on 02/04/2016 1:09:17 PM PST by chuckee
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To: Angels27

Goes for Dims too!


45 posted on 02/04/2016 1:10:17 PM PST by GGpaX4DumpedTea (I am a Tea Party descendant...steeped in the Constitutional Republic given to us by the Founders)
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To: GreaterSwiss

Obama - Enemy in Chief: leave no good thing alone. If it works, break it. “Fundamentally change America” from a paradise of freedom and prosperity to a Chicago slum.


46 posted on 02/04/2016 1:10:53 PM PST by Jim W N
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To: Bryan24

You are off a decimal point but 6 billion is still a bunch of money.


47 posted on 02/04/2016 1:11:09 PM PST by cpdiii (DECKHAND, ROUGHNECK, GEOLOGIST, PILOT, PHARMACIST, LIBERTARIAN The Constitution is worth dying for.)
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To: Bryan24

You are off a decimal point but 6 billion is still a bunch of money.


48 posted on 02/04/2016 1:11:28 PM PST by cpdiii (DECKHAND, ROUGHNECK, GEOLOGIST, PILOT, PHARMACIST, LIBERTARIAN The Constitution is worth dying for.)
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To: Buckeye McFrog
Let's call it the Willie Green tax.

LOL! He'd wanna make it $20 a barrel.

49 posted on 02/04/2016 1:12:35 PM PST by jazusamo (Have YOU Donated to the Freep-a-Thon? https://secure.freerepublic.com/donate/)
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To: GreaterSwiss

A straight $10.00/bbl tariff on imported oil would make sense, but not on all oil.


50 posted on 02/04/2016 1:15:55 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: Angels27

Uh, these would be the same smiling GOP guys and gals who’ve signed on to endorse Rubio, you know the one who hate nasty, dirty ole Ted Cruz!


51 posted on 02/04/2016 1:16:12 PM PST by zerosix (Native Sunflower)
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To: Buckeye McFrog
Let’s call it the Willie Green tax.

I kinda miss choochoo Willie Green (like a boil on my fanny)

52 posted on 02/04/2016 1:16:28 PM PST by dearolddad (/i>)
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To: Buckeye McFrog
Let’s call it the Willie Green tax.

I kinda miss choochoo Willie Green (like a boil on my fanny)

53 posted on 02/04/2016 1:16:40 PM PST by dearolddad (/i>)
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To: 1Old Pro

You mean all those Rubio supporters?


54 posted on 02/04/2016 1:17:14 PM PST by zerosix (Native Sunflower)
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To: Buckeye McFrog

Wasn’t he the FReeper that was all about trains? Whatever happened to Willie Green.


55 posted on 02/04/2016 1:18:20 PM PST by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: IC Ken

OK all those anti-Cruz, Rubio supporters!


56 posted on 02/04/2016 1:19:04 PM PST by zerosix (Native Sunflower)
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To: cpdiii

I think his math was correct.


57 posted on 02/04/2016 1:20:24 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: kjam22

See that and raise you $10, that all of the anti-Cruz, pro-Rubio supporters agree!


58 posted on 02/04/2016 1:21:13 PM PST by zerosix (Native Sunflower)
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To: GreaterSwiss

Obama message to his Brownshirts....”Start pushing for this, an Executive Order is coming”


59 posted on 02/04/2016 1:21:27 PM PST by Zathras
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To: GreaterSwiss

One last crony surge before his butt gets kicked downstairs.


60 posted on 02/04/2016 1:23:13 PM PST by xzins (Have YOU Donated to the Freep-a-Thon? https://secure.freerepublic.com/donate/)
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