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Gas is Cheap. So Obama Wants to Add a $10/Barrel Tax to Oil.

Gas is Cheap. So Obama Wants to Add a $10/Barrel Tax to Oil.

Hunter Roosevelt | Controversial Times

With oil prices at their lowest point in a decade, President Obama sees a chance to add taxes that he just can’t pass up.

In his proposed budget to Congress, Obama is asking for a tax $10 on each barrel of oil produced. The money would be used for “combating climate change” – an empty phrase if ever there was one.

Speaker Paul Ryan is not a fan of the President’s plan, calling it dead on arrival.

“Once again, the President expects hard-working consumers to pay for his out-of-touch climate agenda,” the Speaker said. “The good news is this plan is little more than an election-year distraction. As this lame duck President knows, it’s dead on arrival in Congress.”

Despite proposing what is clearly a consumer tax, the White House prefers to call it “an investment”.

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