Tuesday, February 9, 2016

Obama's Oil Tax Plan Raised

Why not make it an even $20 a barrel? A little extra pocket change for socialism by 2020. Those that believe that this tax won't be immediately passed on to motorists and households as they struggle to make ends meet during the US economic slowdown or recession are delusional. Meanwhile, Trump and Sanders continue to amass delegates for their nomination.

Headline: Obama's $319 Billion Oil Tax Plan Raised to $10.25 a Barrel

President Barack Obama proposed Tuesday to raise $319 billion over the next decade for transportation and other needs with a $10.25-per-barrel tax on crude -- up from $10 that was announced last week.



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