Friday, 5 February 2016

Obama to propose $10-per-barrel fee on oil

Obama to propose $10-per-barrel fee on oil

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. In a statement, Rep. Steve Scalise of Louisiana, House majority whip, said the House would quash the "absurd" plan.

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