---
title: "Obama to seek new tax on oil in budget proposal"
description: "WASHINGTON, Feb 4 (Reuters) - U.S. President Barack Obama will propose a new $10 a barrel fee on oil in his budget plan next week, as the White House seeks to boost the nation's investments in clean transportation projects, the White House said on Thursday."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Newsdeck"
author: "Reuters"
author_url: "https://www.dailymaverick.co.za/author/reuters/"
canonical_url: "https://www.dailymaverick.co.za/article/2016-02-04-obama-to-seek-new-tax-on-oil-in-budget-proposal/"
published: "2016-02-04T22:14:07"
updated: "2016-02-04T22:28:17"
lang: "en-ZA"
word_count: 31
---

# Obama to seek new tax on oil in budget proposal

> WASHINGTON, Feb 4 (Reuters) - U.S. President Barack Obama will propose a new $10 a barrel fee on oil in his budget plan next week, as the White House seeks to boost the nation's investments in clean transportation projects, the White House said on Thursday.

By Reuters · Published 5 February 2016, 00:14 SAST · Updated 5 February 2016, 00:28 SAST

## Content

The proposed fee, which would be paid by oil companies, is likely to fall flat in the Republican-controlled U.S. Congress. (Reporting by Ayesha Rascoe and Roberta Rampton; Editing by Eric Beech)