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

by FoxNews.com  |  published on February 5, 2016

President Obama will propose a $10 fee for every barrel of oil to be paid by oil companies in order to fund clean energy transport system, the White House announced Thursday — although Republicans were quick to declare the plan “dead on arrival” in Congress.

The fee would be phased in over five years and would provide $20 billion per year for traffic reduction, investment in transit systems and other modes of transport such as high-speed rail, the White House said. It would also offer $10 billion to encourage investment in clean transport at the regional level.

Obama is expected to formalize the proposal Tuesday when he releases his final budget request to Congress. However, the proposal immediately faced resistance from Republicans.

“Once again, the president expects hardworking consumers to pay for his out of touch climate agenda,” House Speaker Paul Ryan said in a statement, arguing it would lead to higher energy prices and hurt poor Americans.

Ryan went on to describe Obama’s plan as “dead on arrival” in Congress.

  • TJ

    We really need a infrastructure overhaul but their are ways to do that without taking more from the hardworking Americans that are barely making it now. How bout shrink that government , ha we would save a lot that way. But watch the Dems will be saying we are keeping the country from going forward with infrastructure. Republicans need to already have a plan to thwart that cause its coming. Hillary is already saying The right is going to take us backwards x amount of years in progress and not forwards.

  • cowboy

    Well, that certainly wouldn’t help oil prices any, or the economy.

  • Irvan

    This “oil tax” scheme of BHO’s is just one more example of why we need to rid this country of that bastard.

  • jjmcl431

    i really wish i could say what i am thinking i would love to see happen to Obama. at least so far i can’t be penalized for what i am thinking. not yet any way.

    • interested_voter

      I’m not sure how I got on this mailing list. It seems unhelpful in solving the country’s problems, especially the vindictive comments about President Obama. Fortunately I can black list this site.

      • jjmcl431

        @interested…bye, bye and good luck with Obama.

  • Seedman

    The gall of skunk Hussein Obama to instruct Congress what to legislate. When a wicked man rules, people groan.

  • Mike Tanco

    Another Communist plan to take money out of the people’s pockets. The economy is suffering enough and now he wants to tax us more. What a dumb SOB this guy is folks.Wake up !!!!!!!!!

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