News Briefs
  • 7:26

    Obama to propose $10 tax on barrels of oil in 2017 budget

    US President Barack Obama will propose enforcing a $10 tax on each barrel of oil as part of the 2017 budget, in order to fund plans for green green transportation.

    A spokesperson for the White House said that the tax will be levied on gas companies and will be spread out over five years.