IN CASE YOU MISSED IT: OBAMA JUST PROPOSED RAISING THE FEDERAL GAS TAX 136%

tomfernandez28's Blog

Screen Shot 2016-02-06 at 11.53.00 AMIt’s all happening so fast, it’s hard to keep up with all the b.s. coming out of the president and his White House in his last year.

In case you missed it, Obama just proposed raising the gas tax to what would amount to 136%.

By proposing a $10 per barrel tax on every barrel of oil produced in the U.S., Obama wants to add a 25 cent gas tax on every gallon of gas you purchase at the pump. He wants to use it to pay for his green transportation initiatives.

Considering federal gas tax is 18.4 cents a gallon currently, this would mean a whopping 136% increase. When state taxes are considered, we will be paying 70 cents in tax on every gallon of gas.

While a 25 cent increase per gallon may not seem like a lot considering how low gas prices are at the moment, just…

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