Obama Changed His Mind About $10 Tax on Crude

He opted for $10.25 instead.

In his absurd $4.1 trillion budget today, Obama shit on crude and anyone who’s been enjoying lower gasoline prices.

Obama wants the money to be steered towards “21st Century Clean Transportation Plan to upgrade the nation’s transportation system, improve resilience and reduce emissions.” Complete fuckery, global warming horseshit.

The White House Office of Management and Budget did not explain the higher fee or share details on the modeling and assumptions it used to estimate money it would raise — as much as $319 billion from fiscal 2017 to fiscal 2026.

The only problem with their idiot estimate is that it assumes we’ll be producing any oil at all. With the price of crude through the floor board and this idiot tax proposed, our oil industry will be washed away with the sands of time, before this abomination is made into law.

American Petroleum Institute President Jack Gerard said it was an “unprecedented tax hike.”

“We know that this tax hike could also have an impact on food prices and all sorts of consumer goods — everything that relies on transportation to get to consumers,” Gerard said in a teleconference. “Only extremists whose goals ignore the concerns of consumers and lower-income families could welcome such an approach.”