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The Obama administration's proposed $10.25 tax on each barrel of crude oil produced in the United States would be one of the biggest tax increases on gasoline in history, a report released Thursday showed. Alaska Republican Sen. Lisa Murkowski, chairwoman of the Senate Energy and Natural Resources Committee, released a Congressional Research Service report showing historical increases in the federal gasoline tax in an attempt to put the oil tax in perspective. While the tax would be levied on oil companies, economists assume that oil companies would pass on the tax to consumers. The tax could add between 20-25 cents...

resident Obama is planning $300 billion in infrastructure and other green energy-related projects over the next ten years, which is part of a string of last minute budget requests that have zero chance of passing Congress. The president's plan to pay for it all: a $10-a-barrel oil tax (via Politico): The biggest chunk of Obama's proposed new spending, about $20 billion a year—roughly equivalent to the EPA and Interior Department budgets combined—would go to “enhanced transportation options," especially alternatives to driving and flying. That would include subways, buses, light rail, freight rail modernization projects, and a major expansion of the...

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...

He's BAAAAACK! A NEW "shared payment":Obama to propose $10 per barrel fee on oil CNBC ^ | 2/4/2016 | Jacob Pramukhttp://www.freerepublic.com/focus/f-news/3392911/postsObama proposing $10 a barrel tax on oil to pay for transportation programs MarketWatch ^ | 02/04/16 | Robert Schroeder http://www.freerepublic.com/focus/news/3392925/posts

It's all happening so fast, it's hard to keep up with all the b.s. coming out of the president and his White House in his last year. In case you missed it, Obama just proposed raising the gas tax to what would amount to 136%. By proposing a $10 per barrel tax on every barrel of oil produced in the U.S., Obama wants to add a 25 cent gas tax on every gallon of gas you purchase at the pump. He wants to use it to pay for his green transportation initiatives. Considering federal gas tax is 18.4 cents...

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...

A political fight over raising taxes to help solve California's fiscal crisis was touched off Wednesday when Democratic lawmakers proposed taxing big oil to help pay for threatened public education programs.ABX3 9, introduced by Assembly Speaker Fabian Núñez, D-Los Angeles, would have raised $1.2 billion a year by taxing oil firms' windfall profits and through a separate tax on petroleum that is pumped in California.The bill, which required a two-thirds vote to pass, was defeated on the Assembly floor after Republicans refused to vote for the new taxes. But several other Democrat-authored tax bills are likely to stir heated debate...

Do you remember watching President Jimmy Carter talking to us from the Oval Office in a sweater? Remember how the energy crisis disappeared when Ronald Reagan took office and removed some of the stupid regulations and the taxes? Here we go again. A few weeks ago I published a piece by a psychiatrist who thought modern liberalism was a form of mental illness. Well, a popular definition of insanity is to keep doing the same thing over and over again and expecting a different result. I don't really think liberal Democrats are pushing us further and further into an energy...

08/03/2007 By H. JOSEF HEBERT / Associated Press House leaders pressed Democrats from oil states Friday to support $16 billion in oil industry taxes and sought a compromise over use of renewable fuels by electric utilities, hoping to clear the way for approval of energy legislation. But a vote, planned for Friday, was postponed after the House became bogged down over problems with a computerized voting system, compounded by Republican anger over a disputed vote Thursday night on an agriculture bill. House Speaker Nancy Pelosi, who has vowed to get energy legislation through before lawmakers leave for their summer recess...

The transportation issues facing Texas Gov. Rick Perry earlier this decade were so severe that it was faster to take back roads from San Antonio to Dallas than Interstate 35. That's akin to taking Route 60 to Pittsburgh International Airport from Downtown to avoid the Parkway West. Perry pushed through a package of highway construction projects driven by public-private partnerships, similar to the long-term lease of the Pennsylvania Turnpike sought by Gov. Ed Rendell. Texas' decision to turn to private companies to build and maintain 4,000 miles of highways in key corridors was in response to a business and population...

Welcome to the live thread for the California Primary Election. Polls are open until 8pm tonight. If you are a registered voter, it is your duty to vote and defend your rights and civil liberties, protect your pocketbook, and vote the bums out where applicable. Feel free to discuss issues key to your local area that others may be interested in. Post your polling place experiences if you like. And post numbers as they come in later tonight.

Imposing a tax on your competitors to fund yourself is among the many reasons why Prop. 87 is such a bad idea. HERE'S A STELLAR IDEA: Let's pass a tax on Internet companies to create a state fund that invests in worthy newspapers. That's basically akin to what alternative energy venture capitalists are proposing to do with Proposition 87 — tax your competitors (the oil industry) to fund yourself. Private capital is flooding into the alternative energy sector already, but you'd hardly know it from the glamorous Yes on 87 campaign. That's because the measure's backers appear to be managing...

As Al Gore gave an impassioned speech about global warming at a sun-bathed downtown Berkeley park recently, Stephen Bing stood a few hundred feet behind the former vice president, away from the stage and the crowds, under the shadow of large pine trees. In fact, hardly anyone even noticed the salt-and-pepper-haired Bing, a Hollywood producer who has become the main force behind Proposition 87, a statewide initiative that seeks to raise $4 billion in oil production tax to help develop alternative fuels. Bing, 41, so far has dropped $49.6 million of his personal funds to help fend off an immense...

LOS ANGELES -- A little-known and rarely used California authority could soon be setting a $4 billion agenda to curb California's "addiction to oil." The California Alternative Energy and Advanced Transportation Financing Authority has been in existence for more than a quarter-century. But it has no staff and hasn't financed a project in 11 years. This bureaucratic backwater could become the largest state-run source of alternative energy financing in the nation, if voters approve Proposition 87, one of the hardest-fought initiatives on the Nov. 7 ballot. "Our president said that this is a nation addicted to oil, a nation that...

A $4 billion tax on oil companies would fund research into cleaner-burning fuels, reducing pollution and saving the lives of future California residents, supporters say. But what will happen to prices at the gas pump? That depends on whom you ask. Proposition 87 aims to reduce petroleum consumption by 25 percent over a little more than one decade. If approved by voters in November, the tax would pay for incentives encouraging the production and purchase of vehicles that run on alternative energy. Sixty percent of the state's air pollution woes can be blamed on moving vehicles that burn gasoline or...

Former President Bill Clinton was cheered Friday as he spoke to a university crowd in support of a California ballot measure that would tax oil to fund alternative energy research. Clinton called Proposition 87 "California's way to energy independence." The measure would tax companies drilling for oil in California until it has generated $4 billion. The money would be set aside for loans, grants and subsidies to promote alternative fuels and more energy-efficient vehicles. "To save the planet, improve our national security and create the next generation of good jobs for the American people - that's what Prop 87 represents...

SACRAMENTO In any other year, a $60 million opposition campaign fueled by a deep-pockets industry would spell nearly certain doom for a California ballot initiative. It still might. But the fight over Proposition 87, the oil-production tax, could be different. The infusion of $40 million by a Hollywood producer has given environmentalists pushing the initiative the financial firepower to respond punch-for-punch to the global petroleum companies that oppose it. The battle over the so-called oil tax has become the costliest initiative campaign in California history and has led to a flood of television advertising throughout the state. The campaigns for...

California has an oil addiction. As every self-help professional knows, to break an addiction you have to face the problem and admit you're hooked. The arguments against Proposition 87 sound as hollow as an alcoholic promising to stop after just one more drink. Proposition 87 would develop cleaner, cheaper fuels for our vehicles and build new energy industries and jobs here at home, in places such as Stockton, Salinas and San Diego. Despite valiant efforts and significant improvement for decades, the state still has the nation's worst air pollution, causing asthma, lung disease, cancer and crop damage, and exacerbating the...

September 7, 2006 Another Tax and Spend Scheme: Prop 87 Californians should unite to defeat a bad idea that would cost them billions of dollars. By: Matt Schumsky Ronald Reagan once said that the government’s view of the economy could be summed up in a few short phrases: “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” Proving the former California Governor and U.S. President correct, a handful of wealthy big-government liberals and their favorite special interest groups are funding a massive campaign that would levy a new $4 billion tax...

Supporters of the Proposition 87 oil tax initiative on the November ballot yesterday launched a caravan of alternative energy-powered vehicles from San Diego across the state to promote their measure, which would pay for research into cleaner-burning fuels. “Prop. 87 will bring cleaner air and cheaper energy to make us healthier, wealthier and safer,” said Anthony Rubenstein, sponsor of the initiative. “Prop. 87 replaces imported oil with fuels made right here at home.” He made his case at Pearson Ford Fuels, the only service station in the state that features a full menu of alternative fuels. Proposition 87 seeks to...