WASHINGTON, Feb 4 (Reuters) – U.S. President Barack Obama will propose a new $10 a barrel fee on oil in his budget plan next week, as the White House seeks to boost the nation's investments in clean transportation projects, the White House said on Thursday.
The proposed fee, which would be paid by oil companies, is likely to fall flat in the Republican-controlled U.S. Congress.
Read more: http://www.huffingtonpost.com/2016/02/04/obama-oil-tax_n_9161712.html
The post Obama Proposes New Tax On Oil To Pay For Clean Transportation appeared first on Automotive Guide To Everything.
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