NEWS
Obama Calls for $10 Oil Tax
Chris Clayton DTN Ag Policy Editor
Thu Feb 4, 2016 04:55 PM CST

OMAHA (DTN) -- President Barack Obama's advisers on Thursday pitched a $10-per-barrel tax on oil to pay for new transit programs and research on higher-mileage vehicles.

The president will propose the plan when he releases his proposed 2017 budget next week to Congress. Such proposals frequently come with a truckload of "dead on arrival" comments from congressional leaders. Republicans, who control the House and Senate, are highly unlikely to approve a tax on oil to fund cleaner energy. The president's plan does provide stump-speech fodder for presidential and congressional campaigns.

The plan to tax oil comes as per-gallon national gas ...

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