Thursday, May 21, 2026
Democrats’ oil import tax would violate Biden pledge, group says- oil and gas 360

Democrats’ oil import tax would violate Biden pledge, group says

World Oil (Bloomberg) — Democrats’ plan to reinstate a 27-year-old fee on oil imports represents a violation of a pledge by President Joe Biden not to raise taxes on anyone making less than $400,000 per year, according to the conservative Americans for Tax Reform. The proposal to levy a 16.4-cents-per-barrel tax on crude oil and other imported petroleum products is included in