Reagan said to consider tax on imported oil

The Reagan administration is considering a tax on imported oil that could increase the price of refined oil by 10 to 12 cents a gallon, Energy User News says.

The import tax is among several items on a list of possible measures drawn up by the US Treasury as a way of cutting the budget deficit.

The publication said there was congressional opposition to the proposal and noted that Congress rejected such a tax when President Carter proposed it in 1980.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK