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| GOP Rips Obama's Oil Tax Plan: 'Dead on Arrival' |
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Newsmax ^ | Thursday, 04 Feb 2016 06:36 PM | Todd Beamon 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... |
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| Obama proposing $10 a barrel tax on oil to pay for transportation programs |
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02/04/2016 1:08:18 PM PST · by AngelesCrestHighway · 54 replies MarketWatch ^ | 02/04/16 | Robert SchroederPresident Barack Obama will propose a $10 a barrel tax on oil to pay for transporation programs, reports said Thursday. The proposed tax would help pay for projects to encourage mass transit, high-speed rail and self-driving cars, Politico reported. The proposal is due to be included in Obama's final budget request next week. The Republican-controlled Congress is likely to harshly criticize Obama's plan, which comes in the midst of an election year. |
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| Obama to propose $10 per barrel fee on oil |
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02/04/2016 12:41:35 PM PST · by GreaterSwiss · 107 replies CNBC ^ | 2/4/2016 | Jacob PramukPresident 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... |
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Obama drives more and more to Trump every day. He has 350 days and then all the candidates but Cruz will undo his communism. Rubio says he will not undo the illegal unconstitutional amnesty. He said it and it is recorded and being translated and released.