February 9, 2018

THE REGULATOR IN CHIEF:

THE BUDGET DEAL REINSTATES A TAX TO FUND OIL SPILL CLEAN-UPS (KATE WHEELING, 2/09/18, Pacific Standard)

The new budget deal, which Congress passed early Friday morning after a brief shutdown overnight, reinstates a tax on oil to help pay for spill clean-ups.

The nine cents-per-barrel tax on both domestic crude and imported petroleum products, which lapsed in December, generated $500 million a year, on average, in federal revenue and was the main source of funding for the Oil Spill Liability Trust Fund.

Posted by at February 9, 2018 3:54 PM

  

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