Obama proposes $10-a-barrel oil tax

Posted online February 5, 2016 | 12:32 pm

President Barack Obama's administration yesterday proposed a wave of clean transportation investments that would be paid for through a $10-per-barrel fee on oil.

The tax is unlikely to make it through the Republican-controlled Congress, according to CNNMoney.

If passed, the tax would be paid for by oil companies.

Read more from CNNMoney.

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