Obama $10-Per-Barrel Oil Tax Lands With Thud in Congress

Updated on
  • President says he will propose tax in his 2017 budget plan
  • Proceeds would fund transportation needs, climate research

Is Obama's $10-per-Barrel Oil Tax Dead on Arrival?

President Barack Obama will propose a $10 per barrel tax on oil in his fiscal 2017 budget plan, an idea that received a chilly reception in the Republican-controlled Congress that oversees spending.

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