President Obama plan would provide $32.4B boost for transportation
Proposal calls for a $10-per-barrel fee on oil production to fund public transit annually, with another $10 billion going toward new federal funding streams for cities and states that cut carbon emissions from their transportation sectors
Elliot P
Elliot P
WASHINGTON, D.C. — President Barack Obama will propose a $10-per-barrel fee on oil production to fund a new $32.4 billion green transportation plan, The Hill reports.
According to the President’s plan, nearly $20 billion would go toward public transit annually, with another $10 billion going toward new federal funding streams for cities and states that cut carbon emissions from their transportation sectors, and $2.4 billion going to clean vehicle research and innovation.
While the plan would be a significant boost for public transit, it is expected to not garner any favor from Congress, The Hill reports. For the full story, click here.
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