Obama’s New Oil Tax Plan Will Hike Gas and Heating Prices
 

President Barack Obama will propose a $10 per barrel tax on oil in the last annual budget he submits to Congress.

Obama reportedly hopes the tax will reduce carbon emissions and plans to use the revenue for spending on public transportation.

If such a proposal passed, then oil companies would likely pass the cost of the new tax on to consumers, meaning gas prices would increase, Patrick DeHaan, senior petroleum analyst for GasBuddy.com, told USA Today.

 

http://www.theblaze.com/stories/2016/02/...as-prices/

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