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<blockquote data-quote="guywhofishes" data-source="post: 79900" data-attributes="member: 337">President Barack Obama is proposing a $10-a-barrel tax on oil to pay&nbsp; for clean transportation projects, the White House said Thursday. &nbsp;The&nbsp; tax, which will be part of the budget request Obama unveils next week,&nbsp; would be paid for by oil companies and gradually phased in over five&nbsp; years. &nbsp;Obama’s proposal lands in the midst of the 2016 election&nbsp; campaigns, and is likely to be harshly criticized by both Republican&nbsp; presidential candidates and lawmakers alike. In past years, Obama has&nbsp; proposed eliminating subsidies for the oil-and-gas industries. But those&nbsp; efforts have never made it through Congress. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp;The tax would add roughly 25 cents to a gallon of gasoline, at current prices. &nbsp;The White House said Obama’s plan would boost investments in clean transportation by about 50%.- - - Updated - - -V - please move to politics if desired :;:howdy</blockquote>

[QUOTE="guywhofishes, post: 79900, member: 337"] President Barack Obama is proposing a $10-a-barrel tax on oil to pay for clean transportation projects, the White House said Thursday. The tax, which will be part of the budget request Obama unveils next week, would be paid for by oil companies and gradually phased in over five years. Obama’s proposal lands in the midst of the 2016 election campaigns, and is likely to be harshly criticized by both Republican presidential candidates and lawmakers alike. In past years, Obama has proposed eliminating subsidies for the oil-and-gas industries. But those efforts have never made it through Congress. The tax would add roughly 25 cents to a gallon of gasoline, at current prices. The White House said Obama’s plan would boost investments in clean transportation by about 50%. [COLOR="silver"][SIZE=1]- - - Updated - - -[/SIZE][/COLOR] V - please move to politics if desired :;:howdy [/QUOTE]

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