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 ...
Really? Will fit nicely with the 12% gas tax increase our RINO legislators in SC are trying to ram down out throats.
South Carolina Ping 
Send FReepmail to join or leave this list.
Keep up with what our Congresscritters (House and Senate) are doing. Sign up for the free MegaVote email service here.
Ping PS - Visit the SC FReepers discussion board here.
Let me assure you that the republicrats will pass this easy. They funded obamacare 4 times!! and illegal amnesty twice. And they funded baby killing and parts sales in the budget. They stand for what ever obama wants !! GO TRUMP!!
It used to be the “joke” that in DC, the Democrats propose to tear down the Washington Monument, and the Republicans respond with an efficient plan to do it in three stages.
Nowadays it’s more like the Democrats propose to tear down the Washington Monument within a month and the Republicans respond with a plan to tear down the Washington Monument AND the Lincoln Memorial within a week.
"Obamaroads"
Ryan was just in a one on one with The Messiah earlier in the week. No doubt they already worked out the details.
Yep.... instead of charging a tariff on imports to raise revenue... they will tax domestic oil. It’s a death nail.
Why don’t you like oil companies? Is your occupation one that has to deal with a foreign cartel that rigs the game? Without Big Oil and the countless smaller independents, you would be riding around on a horse and buggy with a windmill in your backyard.
But won’t this hurt the “poor?”
He is a certified dumbass!
He wants to fund everything except our highways and bridges, guess they will raise the gas tax for that. Our oil companies are already having financial difficulties, so he’s going to add insult to injury. This is insane.
Who brought the lube?
Actually, Persian would be a good bet. Everything Obunghole and ValJar have done has strengthened Iran at the Saudis' expense.
Nikkei Haley, will be more than glad to signed that Gas, rate hike is currently in legalisationer, they’re excuse for it all is about the roads.
Nope. If anything, to Iran. Obama and ValJar have worked to destroy the Saudi "royal" family while propping up Iran.
They're pro-Caliphate, not pro-Saudi.
He’s mentally unstable.
Junior doesn’t understand this will simply be passed on to the consumer.
They will pay the fees. After charging consumers for it with an additional 20% administration fee.
The problem with any liberal government program is that it starts out at $10 a barrel, then sfter the next election cycle, it gets demagogues to $20 and so forth.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.