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On February 5, foreign media reported that US President Barack Obama would propose a $10 tax on a barrel of oil to fund transportation projects
.
The proposed tax would be used to encourage the development of public transportation, high-speed rail and self-driving cars
.
Obama will present the oil tax proposal in next week's final budget proposal
.
It is a US presidential election year, and the Republican-controlled Congress is likely to harshly criticize Obama's proposal
.
On February 5, foreign media reported that US President Barack Obama would propose a $10 tax on a barrel of oil to fund transportation projects
.
The proposed tax would be used to encourage the development of public transportation, high-speed rail and self-driving cars
.
Obama will present the oil tax proposal in next week's final budget proposal
.
It is a US presidential election year, and the Republican-controlled Congress is likely to harshly criticize Obama's proposal
.
