Part-DV-DV2212987-1-1-1

Obama floats $10-a-barrel oil tax

The $10-a-barrel tax on oil, phased in over five years, would be levied on companies -- but the costs could well be passed on to consumersUS President Barack Obama on Thursday proposed a controversial $10-a-barrel tax on oil firms to pay for much needed infrastructure improvements. “For too long, bipartisan support for innovative and expansive transportation investment has not been accompanied by a long-term plan for paying for it,” the White House said in a statement. The proposal comes amid current low oil prices and is also designed to wean Americans onto more climate-friendly fuels.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 2 weeks ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *