Obama calls for $10.25/b oil tax, repeal of tax incentives

摘要

US President Barack Obama on Tuesday released a proposed fiscal 2017 budget that includes a new $10.25/b tax on oil to fund a clean transportation plan and a repeal of tax incentives for oil and natural gas companies. The budget has no chance of being passed by the Republican-controlled Congress and serves more as a political document outlining Obama's funding priorities ahead of his departure from the White House in less than a year.