Obama proposes carbon tax on oil

Thursday, February 4, 2016 | Tag Cloud

(Worthy News) – The White House on Thursday announced its latest plan to address climate change by levying a $10 per-barrel tax on crude oil.

The Obama administration announced its plans while rolling out a comprehensive transportation strategy that will be the focus of the Department of Transportation’s budget request to Congress when it is issued next week.

“For too long, bipartisan support for innovative and expansive transportation investment has not been accompanied by a long-term plan for paying for it,” a White House fact sheet reads. “We need a sustainable funding solution that takes into account the integrated, interdependent nature of our transportation system. [ Source ]

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