A tax on production, what could go wrong. President Obama’s budget request to Congress will include a new fee on oil companies, requiring them to pay $10 to the federal government for every barrel of oil they produce, the White House said on Thursday. The money, which could bring in up to $32 billion in new federal revenue annually, would ... MORECoral Davenport: To Help Pimp Alternative Energy Sources, Obama Is Willing To Impose A $10-A-Barrel Fee On Oil
A tax on production, what could go wrong. President Obama’s budget request to Congress will include a new fee on oil companies, requiring them to pay $10 to the federal government for every barrel of oil they produce, the White House said on Thursday. The money, which could bring in up to $32 billion in new federal revenue annually, would ... MORE