Posted on 02/04/2016 4:12:49 PM PST by Olog-hai
Congressional Republicans vowed Thursday to kill President Barack Obama's plan to add a $10-per-barrel tax on oil production to pay for "green" transportation projects, with House Speaker Paul Ryan calling it "dead on arrival" and "an election-year distraction."
"The president expects hard-working consumers to pay for his out-of-touch climate agenda," the Wisconsin Republican said. "A $10 tax for every barrel of oil produced would raise energy prices -- hurting poor Americans the most." [...]
President Obama will include the plan in his budget proposal that he will present to Congress on Tuesday. The fee will be phased in over five years, providing $20 billion every year for traffic reduction, expanding investment in transit systems and new modes of transportation like high-speed rail.
It would also revamp how regional transportation systems are financed, providing $10 billion to encourage investment that lead to cleaner transportation options. ...
(Excerpt) Read more at newsmax.com ...
“GOP Rips Obama’s Oil Tax Plan: ‘Dead on Arrival’”
We have heard that song before. It has worn itself out. The album is scratched and can’t be understood. The CD is scratched and unreadable. The DVD is totally hosed. They did not bother to put the song on Blu-Ray.
Ryan: NO!
Obama $9.95
Ryan: OK!
GOPe: Boy, we showed Obama who's the boss!
That was the first thing that came into my mind too.
Obama has made the term “lame duck president” obsolete, at least for Democrats.
My thought exactly. Ryan is despicable and a total liar.
I think taxes are the one thing even he can’t touch with exec order. Only congress can charge taxes.
The Mental Disorder on FULL Display... Do You Really think a company pays the Tax???
They PASS ALL COST ONTO THE Customer... YOU!!! This is a TRICK to TAX YOUR WORK(Money)!!! Be a good Slave and Submit... or Get you head out of your .... and do something about this Mental Disorder! Call it into the Light of Truth!
The Enemy is within and until we deal with that Enemy we will Never be able to Deal with the Enemy’s outside the Nation.
By the way worth noting oil is now at $30 a barrel, 10 dollars is 33% INSANITY!!! What you going to do if Oil goes back up to $140. The drop in oil is the only thing helping a few make ends meet and that is not going to last long because much more Pain is headed our way... The World and us are in Recession headed for a Major Depression and there is NOTHING to stop it.
“All these people can go straight to hell.”
Best comment yet.
About a 700 billion dollar tax increase over ten years.
Maybe so, but if he tries it, who will stop him? Certainly not the GOP E.
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