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 ...
I propose that Obama kiss my ***!!!
My understanding is Willie Green got a lifetime ban because he never met a tax funded rail system he wouldn’t shill for.
Love him or hate him, he sure left a lasting impression.
I know Common Core has crippled our thinking, but 6x10=60. 6,970,000,000 × $10 = $69,700,000,000.00 in taxes.
Fungible or not, if it arrives on a ship or a transnational pipeline, truck or train, $25 per barrel toward the debt principal only.
This would be healthy for the nation in numerous ways.
Cruz has sold his souls for a few lousy votes. If supporting this would get him NH he would. I see this Cruz turning slimy like a Clinton.
He got run over by a train.
Kinda like Trump, right!
How about the winning political party funding an alternative party?
I am certain his plan will work as government manages money so well.
"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.
"Oh Yeah, That's Why.
Death to America!"
I see his game, oil is so low now no one would notice. It’s a prime chance to fund more leftism. Betcha the RINO’s would do nothing to stop it.
Propose in one hand and sh!t in the other, and see which fills up faster.
5.56mm
America can’t afford to WASTE another $10 per barrel!
>>Any Republican in congress that votes for this BETTER be run out of office on a rail in November.
No. They should be run out of town on a rail right now! Actually, they should to have sneak out of town in the dead of night to prevent being stripped and hanged in the morning by angry mobs.
Yes Saudi is dying. He will send them the cash/
LOL....
Anyone else want to bring the feathers?
“Underlying most arguments against the free market is a lack of belief in freedom itself.”
— Milton Friedman
LOL!!!!
The Saudis would do well to take Mandarin language lessons.
That’s who is gonna be their daddy over the next couple decades.
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