oil companies

oil companies

President Obama's Budget Proposal Features New Tax On Oil

22h ago
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On Thursday the White House announced that President Barack Obama will propose a new $10 a barrel fee on oil in next week's budget plan. The proposed fee would be paid by oil companies rather than consumers, and comes as the White House seeks to boost investments in clean transportation projects. However, as is the case with much of Obama's legislation, experts predict the budget will fall flat when it goes before the Republican-controlled Congress.