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US Presidnt to seek new taxes on oil in budget proposal

U.S. President Barack Obama walks past a pumpjack in Maljamar

U.S. President Barack Obama will launch a long-shot bid next week to impose a $10-a-barrel tax on crude oil that would fund the overhaul of the nation’s aging transportation infrastructure, the White House said on Thursday.   The proposed fee, which would be paid by oil companies and phased in …

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