Posted on 02/05/2016 4:28:38 PM PST by 2ndDivisionVet
President Barack Obama is about to unveil an ambitious plan for a "21st century clean transportation system." And he hopes to fund it with a tax on oil.
Obama aides told POLITICO that when he releases his final budget request next week, the president will propose more than $300 billion worth of investments over the next decade in mass transit, high-speed rail, self-driving cars, and other transportation approaches designed to reduce carbon emissions and congestion. To pay for it all, Obama will call for a $10 "fee" on every barrel of oil, a surcharge that would be paid by oil companies but would presumably be passed along to consumers.
There is no real chance that the Republican-controlled Congress will embrace Obama's grand vision of climate-friendly mobility in an election year--especially after passing a long-stalled bipartisan highway bill just last year--and his aides acknowledge it's mostly an effort to jump-start a conversation about the future of transportation. But by raising the specter of new taxes on fossil fuels, it could create a political quandary for Democrats. The fee could add as much as 25 cents a gallon to the cost of gasoline, and even with petroleum prices at historic lows, the proposal could be particularly awkward for Hillary Clinton, who has embraced most of Obama's policies but has also vowed to oppose any tax hikes on families earning less than $250,000 a year....
(Excerpt) Read more at politico.com ...
What a dickhead.
All the mulato can think of doing is betraying us to his muslim pals and taxing us to give money to his donor pals, that is when he can take time away from going on vacation, playing with golf balls and Reggies............
What happened to the stimulus? Wasn’t all of this crap supposed to materialize by now?
Is bizarre— Obama wants to tax windfall losses— haha— Talk about kicking companies when they are down...
Stupid dickheaded posturing.
It will fail int the house...
The 0bomb can’t resist piggy-backing a tax on cheaper gas. 25c/gallon more now and 25c/gallon more when gas shoots up again.
I have been waiting for Mugabe to out-dumass himself again. This one is pretty dazzling.
The gooberment never has enough to do what they want to do because somehow the private sector isnt taxed enough?
I don’t know what that has to do with this thread..........BUT I LIKE IT!
Since gas prices have dropped, which our feckless Zer0 is taking ‘credit’ for, at least one state is raising gasoline tax.
The Socialist thug in the Oval Office wants his hands in your pockets too as one of his parting shots at the USA.
Liberals goals include keeping you from getting ahead with more cash in your pocket than they think you should have because they have better uses for it than you do.
WINNER!!
You got THAT right! This is a giant, f*** you America move by the biggest dickhead in generations.
#1026.. Nice. Hypnotic GIF.
...the tax fee would apply to oil that is ‘imported’ into the U.S.... oil pumped in the U.S. that is ‘exported’ would not be taxed.....
.....Almost all US oil companies have cut jobs, many have filed for bankruptcy and others have defaulted on their loans. Even the biggest oil companies have posted huge drops in profits and slashed plans to invest in their business expansion.
The oil industry said this would jump the price of oil at lesst 25 cents a gal.
He couldn’t have found that money in the $9 trillion that he already put on the credit card?
High speed Solynda and US subsidies going to foreign owned wind farms
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