"...So how does Obama intend to repay the industry, now that it has fallen on hard times?
But as part of his last-gasp, $4.1-trillion, $503-billion-deficit 2017 federal budget, the president wants Congress to slap a $10.25 tax on every barrel of domestically produced or imported oil.
He says this will raise some $400 billion over the next ten years.
This will allow him to increase EPA’s budget to $8.3 billion, pour $1.7 billion a year into the “climate fund,” and channel hundreds of billions into high speed rail, wind, solar, biofuel, “eco-friendly” cars and other “green” energy schemes.
It thus means more opportunities for unelected, unaccountable bureaucrats to pick winners and losers, expand their fiefdoms, and pad their bonuses and pensions..."
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