Posted on 02/04/2016 4:21:24 PM PST by doldrumsforgop
U.S. President Barack Obama will launch a long-shot bid next week to impose a $10-a-barrel tax on crude oil that would fund the overhaul of the nation's aging transportation infrastructure, the White House said on Thursday.
The proposed fee, which would be paid by oil companies and phased in over five years, was quickly met with scorn by lawmakers in the Republican-controlled Congress.
In the last year of his presidency, Obama has said the country must stop subsidizing the "dirty" fossil fuels of the past and focus on clean, renewable fuels that do not exacerbate climate change.
"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.
Set to be officially announced in Obama's fiscal 2017 budget plan on Tuesday, the fee would provide nearly $20 billion a year to help expand transit systems across the country and more than $2 billion a year to support the research and development of self-driving vehicles and other low-carbon technologies.
Republican lawmakers, who have repeatedly clashed with the Obama administration over energy policy, panned the proposal on social media. House of Representatives Majority Whip Steve Scalise asked on Twitter whether the proposal was "Obama's worst idea yet?"
(Excerpt) Read more at news.yahoo.com ...
You knew that they wouldn’t be able to resist raising taxes on fuel with the price as low as it is.
“You knew that they wouldn’t be able to resist raising taxes on fuel with the price as low as it is.”
They already are raising the price of fuel by ramming ethanol down our throats, and gutting the coal and nuclear industry.
Not even talking about the huge subsidies we are paying for solar and wind power generation which cannot compete commercially, especially at the lower prices.
Obama’s entire energy strategy can be summed up in one phrase: ‘Make ‘em pay more’
[[If you like your under-$2 a gallon gasoline, you can keep your under-$2 a gallon gasoline]]
Stop rubbing it in- it’s still $2.20 here!
Geez, I'd better not tell you that it's $1.66 here - and with the dollar off coupon [I usually get 5 gallons], that would make it $1.46...
No worries! 0Muslim will sort that out for us peasants!
lol- in Michigan I believe it was a week or so ago, they were having ‘gas wars’ and one station was selling it for $.46 a gallon- Yep- 46 cents- but I bet it didn’t last long lol
I filled up for $1.32/gal for 87 octane
Those whacky Mitteners!
The problem is that I’ve got all my 5 gallon gas cans filled, and I still have coupons to burn. A buck buys too much gas now. :)
Take that, Amerikkka!
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