Obama to propose $10-a-barrel oil tax to fund rail and highway projects
Not a political question; but why not?
Such a tax could provide funding for:
- new rail corridors
- highway projects
- pilot projects for self-driving cars
- other technologies it said fall under the goal of a “clean transportation” system
It’s interesting to consider this in light of:
- the gasoline tax hasn’t increased in 25 years, during the Eisenhower era (the president on the “big” $1 coin)
- Obama is not running for reelection (ever again)
- technology is creating more changes in cars and the way they will be driven, ever
- domestic oil production would NOT be taxed
Investment in the future of transportation is necessary, combining that with decreasing imported oil…(near) perfect!
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