New oil tax would fund additional green transportation spending.
Obama to propose $10-a-barrel oil tax
Obama to propose $10-a-barrel oil tax
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Obama to propose $10 per barrel oil tax
- Thread starter Jeff N
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- Energy Environment Policy
Tyl
Active Member
It's all about 2°C! (global average temperature) To my understanding we were at 1.84 and rising in 2015. If the $10-a-barrel oil tax passed, I sure hope much of it is directed to Hyperloop development (other transportation approaches designed to reduce carbon emissions and congestion.) Clean, 21st century means of transportation... along with very badly needed upkeep of our current crumbling infrastructure.
Merrill
Merrill
It's a fee, not a tax! Please correct the name of the thread.
I can't think of any reason it won't happen. In theory, even Republicans should be thrilled to support this since it isn't a tax.
Most people probably wouldn't notice an increase of 25 cents a falling at the tank, at a time when gasoline is between $1.50 and $2.00 a gallon. This is also the only way for the USA to pay for to replace our crumbling infrastructure. It would also create millions of jobs.
Heck, this might provide the USA with a way to meaningfully reduce the Federal debt. I recommend everyone watch this video.
Last Week Tonight with John Oliver: Infrastructure (HBO) - YouTube
In 2014, the United States consumed a total of 6.97 billion barrels of petroleum products, an average of about 19.11 million barrels per day.
With this new fee, that would give the Federal Government $69 billion every year to invest in infrastructure projects.
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rxlawdude
Active Member
In practice, any proposal of Obama's will be reflexively rejected by the Republican'ts, just because...
Good point! I don't see how any sensible Republican could oppose this.
1) It's not a tax.
2) It's a subsidy reduction. Every sane economist who hasn't been paid off agrees oil subsidies are a major drain on the economy.
3) Does Obama need approval to implement this fee/subsidy reduction?
4) The tax on gasoline is absurdely low.
5) It is impossible for Gasoline prices to go lower.
6) Every state would benefit.
7) Most consumers wouldn't notice the difference. Those who do would support it. Do people like paved roads, sidewalks, reliable access to energy, reliable bridges, reliable trains/buses/public transportation, snow removal, etc?
8) This will prevent deflation from occurring.
9) This will reduce the federal defect and will give states enough cash to invest in essential projects, upgrade infrastructure, and create millions of jobs.
Why should anyone care if some of the money is used for unintended projects as long as the projects are USA based projects? Hundreds of billions of dollars that can be invested or spent in the USA without needing to add to the Federal deficit, that will likely reduce the federal defecit, would benefit everyone.
As Jeff says, if not now, when?
drinkerofkoolaid: You don't follow politics very closely, eh?
Republicans savage Obama's oil tax plan:
Republicans savage Obamas oil tax plan - POLITICO
Unless the definition of "savage" has changed since I last looked it up, there is nothing to be seen here. Please move along...
RT
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The very first day that:
1) There is a Democratic president and...
2) There are 218 Democratic members of the House and
3) There are 51 Democratic members of the Senate
RT
Canuck
Well-Known Member
Yes, really. Can you imagine if he tried to do it when gas was at was $140 a barrel in 2008. Now it would barely makes a dent.
Well, $50 would go a long way to pay for the military to protect the Middle East. Actually, shouldn't the oil companies be paying that bill as they're the primary beneficiaries?
Raffy.Roma
Rome (Italy)
Bangor Bob
Member
"Sensible" Republicans (and Dems) will want to continue to raise campaign funds. How many astroturf groups will Charles & David Koch create to shout down anyone who supports this?
(I think it's a bloody good idea, I just don't see most politicians having the character to stand up to pissing off some of their biggest contributors.)
flankspeed8
Member
Yeah, not so sure of that. Doubt that the North Dakota and Alaska (D) Senators would vote for this. Energy policy is often a regional issue over a political issue. Same reason why the Senator from Wall Street is having such a hard time right now in the Democratic debate. You protect the interest of those who elect you. period.
Lex
Member
From what I understand of American politics, President Obama just needs to recommend a massive gas discount but just for black people, and the Republicans will do the rest :tongue:
deonb
Active Member
nwdiver
Well-Known Member
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