BBC News | Obama proposes $10 a barrel oil tax BBC News President Obama has released the final budget proposal of his presidency, a $4.1tn (£2.8tn) programme that includes a $10.25 per barrel tax on oil. The Republican-controlled Congress is expected to reject it. The leaders of the House and Senate budget ... Obama's Oil Tax Is Running on Empty Obama's $319 Billion Oil Tax Plan Raised to $10.25 a Barrel Within budget, Obama seeks $10.25 per barrel oil tax |