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President Obama to Call for Big Tax on Oil Barrels

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President Barack Obama will soon unveil an ambitious plan for a “21st century clean transportation system," and he hopes to fund it with a tax on oil. To pay for $300 billion worth of investments over the next decade in mass transit, high-speed rail, self-driving cars, and other transportation, the president will call for a $10 “fee” on every barrel of oil, a surcharge that would be paid by oil companies but would presumably be passed along to consumers.

Added on the 04/02/2016 15:43:24 - Copyright : Wochit

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