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February 5, 2016

Obama oil tax would fund clean transport

WASHINGTON (AP) — President Barack Obama wants oil companies to pay a $10 fee for every barrel of oil to help fund investments in clean transportation that fight climate change.

Obama will formalize the proposal Tuesday when he releases his final budget request to Congress. The $10-per-barrel fee is expected to be dead on arrival for the Republicans who control Congress and oppose new taxes and Obama's energy policies.


 
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