Thursday, 4 February 2016

President Obama wants to fund trains and self-driving cars with a new oil tax



President Barack Obama has refreshingly made the future of transportation a hallmark of his final year in office. Today, he announced his plan to take those efforts a step further by including $300 billion worth of investments in mass transit, autonomous vehicles, clean energy, and high-speed rail in his soon-to-be-released budget. And to pay for it, he is calling for a $10-per-barrel tax on oil, a proposal that has effectively zero chance of passing the Republican-controlled Congress.
It's a bummer that the president's plan is dead on arrival, because taxing oil at $10-a-barrel would help make up for the fact that neither Congress nor Obama insisted on paying for the recently passed five-year, $305 billion infrastructure spending bill...
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