Tweet
Obama proposes $10/bbl Oil tax
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, which follows the passage of a bipartisan transportation bill last year, would have difficulty clearing the Republican-controlled Congress. OR ANY TRUE AMERICAN CONGRESS UNLESS GIMMEDATS CONTROL OUR U.S.OF A.
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, aiming to reduce emissions from the U.S. transportation system.
"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.
Obama has prioritized reducing carbon emissions and the use of fossil fuels. But some of his administration's proposals, including the Clean Power Plan, have faced significant opposition at the federal and state level.
Thursday's proposal comes amid a brutal stretch for the U.S. oil industry. Crude prices have fallen nearly 50 percent in the last year to just below $32 per barrel, pressuring profits in the sector.
ROBALO SAYS: NOW I UNDERSTAND WHY OBAMA NEVER HAS OR WILL RELEASE HIS COLLEGE TRANSCRIPTS, LIKELY BECAUSE HE REALLY NEVER GRADUATED ANY COLLEGE BECAUSE ANYONE THAT EVER TOOK A BASIC ECONOMICS COURSE UNDERSTANDS THAT ANY TAX IS INCLUDED IN THE COST OF THE GOODS THAT ARE SUBJECTED TO A TAX, SO AGAIN THE POS POTUS SHOWS HIS HYPOCRISY TO THE IDIOTS THAT VOTED FOR HIM BECAUSE ALL HIS POS TAX WOULD DO IS COST THE LOWER AND MIDDLE CLASS MORE OF THEIR INCOME-IN A GREATER PROPORTION OF THEIR INCOME AND ACTUALLY MAKE THEM HAVE LESS INCOME AND HARM THEM. THE ONLY PEOPLE THAT WOULD BENEFIT FROM HIS TAX IS NO ONE!!!! WHAT A COMPLETE AND UTTER DUMBAZZ OBAMA IS. OF COURSE CONGRESS WILL BLAST HIS PROPOSAL BUT SOME IDIOTS WILL ACTUALLY BELIEVE THE TAX IS GOOD-AND THOSE ARE THE SAME PEOPLE THAT VOTED FOR HIS DUMBAZZ TO BE POTUS-AND THOSE SAME PEOPLE ARE AS STUPID AS OBAMA AND AS GULLIBLE AS A 5 YEAR OLD. NEXT HELLARY AND SOCIALIST BERNIE WILL JUMP ON IT AND SAY "WHAT A GREAT IDEA" WHICH AGAIN SHOWS WHY THE USA IS ON THE ROAD TO BECOMING A THIRD WORLD COUNTRY. SOCIALISM IS FOR LAZY, SHIFTLESS PEOPLE THAT EXPECT OTHERS TO DO THEIR WORK. THE END OF THE DEMOCRATS ISN'T COMING SOON ENOUGH-THEY ARE TRYING TO MAKE THE USA A SOCIALISTIC POS.
The proposal, which follows the passage of a bipartisan transportation bill last year, would have difficulty clearing the Republican-controlled Congress. OR ANY TRUE AMERICAN CONGRESS UNLESS GIMMEDATS CONTROL OUR U.S.OF A.
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, aiming to reduce emissions from the U.S. transportation system.
"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.
Obama has prioritized reducing carbon emissions and the use of fossil fuels. But some of his administration's proposals, including the Clean Power Plan, have faced significant opposition at the federal and state level.
Thursday's proposal comes amid a brutal stretch for the U.S. oil industry. Crude prices have fallen nearly 50 percent in the last year to just below $32 per barrel, pressuring profits in the sector.
ROBALO SAYS: NOW I UNDERSTAND WHY OBAMA NEVER HAS OR WILL RELEASE HIS COLLEGE TRANSCRIPTS, LIKELY BECAUSE HE REALLY NEVER GRADUATED ANY COLLEGE BECAUSE ANYONE THAT EVER TOOK A BASIC ECONOMICS COURSE UNDERSTANDS THAT ANY TAX IS INCLUDED IN THE COST OF THE GOODS THAT ARE SUBJECTED TO A TAX, SO AGAIN THE POS POTUS SHOWS HIS HYPOCRISY TO THE IDIOTS THAT VOTED FOR HIM BECAUSE ALL HIS POS TAX WOULD DO IS COST THE LOWER AND MIDDLE CLASS MORE OF THEIR INCOME-IN A GREATER PROPORTION OF THEIR INCOME AND ACTUALLY MAKE THEM HAVE LESS INCOME AND HARM THEM. THE ONLY PEOPLE THAT WOULD BENEFIT FROM HIS TAX IS NO ONE!!!! WHAT A COMPLETE AND UTTER DUMBAZZ OBAMA IS. OF COURSE CONGRESS WILL BLAST HIS PROPOSAL BUT SOME IDIOTS WILL ACTUALLY BELIEVE THE TAX IS GOOD-AND THOSE ARE THE SAME PEOPLE THAT VOTED FOR HIS DUMBAZZ TO BE POTUS-AND THOSE SAME PEOPLE ARE AS STUPID AS OBAMA AND AS GULLIBLE AS A 5 YEAR OLD. NEXT HELLARY AND SOCIALIST BERNIE WILL JUMP ON IT AND SAY "WHAT A GREAT IDEA" WHICH AGAIN SHOWS WHY THE USA IS ON THE ROAD TO BECOMING A THIRD WORLD COUNTRY. SOCIALISM IS FOR LAZY, SHIFTLESS PEOPLE THAT EXPECT OTHERS TO DO THEIR WORK. THE END OF THE DEMOCRATS ISN'T COMING SOON ENOUGH-THEY ARE TRYING TO MAKE THE USA A SOCIALISTIC POS.