- Energy Tax Facts
- 8 Feb 16
IPAA Combats Administration’s Proposed $10 Fee on Every Barrel of Oil
Last Thursday, the Obama Administration announced its plan to fund the nation’s transportation infrastructure with a $10 fee on every barrel of oil produced in the United States. Yet, the Administration was unclear on how this plan would work and how it would account for imported oil and petroleum products.
IPAA was quick to respond – ensuring this plan was immediately labeled as a hidden “energy consumer tax.” By some calculations, this proposal would raise gasoline prices by more than $.25 per gallon. It would not only raise gasoline costs, but touch all sectors of the economy and households that rely on oil products. Make no mistake, this is a consumer energy tax disguised as an oil company fee!
Our reaction was featured by news media nationwide, from the New York Times, Associated Press, Reuters, Houston Chronicle and more. Our social media efforts caught the eye of CBS News’ White House Correspondent and other influential outlets. Additional samples of those articles can be found here.
Speaker of the House Paul Ryan said: “Once again, the president expects hardworking consumers to pay for his out-of-touch climate agenda…The good news is this plan is little more than an election-year distraction. As this lame-duck president knows, it’s dead on arrival in Congress.”
Tomorrow, the President will officially unveil his budget, and hopefully provide more details on his hidden tax agenda.
IPAA will continue to frame this debate with policymakers and the news media.