Government
Obama Wants to Tax Oil Companies to Pay for Clean Transit
The proposed $10 per barrel fee would fund a massive overhaul of the country’s transportation system.
Some ideas are worth saying even if nobody wants to listen.
That may have been on President Obama’s mind when he decided to propose a fee of $10 per barrel of gas to fund a titanic overhaul of the nation’s transit infrastructure. The charge would scale up over five years and be paid by oil companies, who could be expected to hike their rates to recoup the loss. The White House released the proposal Thursday in advance of a larger budget proposal to be unveiled next week.