My first reaction to this is just that while taxes were never raised on the super rich, there has been an ACA penalty fine passed, and healthcare costs are up, and now this new oil tax proposal. That's a tax on working and middle class. Also, minimum wage was never raised and the economy is anemic at the moment and maybe headed for recession again.
As a Democrat, I would expect the President to be fighting for raising working and middle class wages -- get that done FIRST, and THEN come back and talk about a new tax.
Other than that, I would be suspicious about where the $300 billion would be going to, exactly. The article says "self driving cars." So what does that mean, exactly? The devil's in the details here. WHERE would all this money be going, is it like a boondoggle thing or would it be money well spent -- would it be pork and crony capitalism and corporate welfare, or would it be construction projects on time and under budget?
This is very general:
mass transit, high-speed rail, self-driving cars, and other transportation approaches
That would have to be looked over with a fine toothed comb to make sure it's not wasted money on boondoggle stuff.
This thing has no chance of passing, per the article it'll be a difficult spot for Hillary to be in so I assume she'd shy away from it. It's a tax increase on working and middle class:
The fee could add as much as 25 cents a gallon to the cost of gasoline, and even with petroleum prices at historic lows, the proposal could be particularly awkward for Hillary Clinton, who has embraced most of Obama’s policies but has also vowed to oppose any tax hikes on families earning less than $250,000 a year.
Paul Ryan says the oil tax proposal is "dead on arrival:"
the proposal immediately faced resistance from Republicans.
"Once again, the president expects hardworking consumers to pay for his out of touch climate agenda,” House Speaker Paul Ryan said in a statement, arguing it would lead to higher energy prices and hurt poor Americans.
Ryan went on to describe Obama’s plan as “dead on arrival” in Congress.
“The good news is this plan is little more than an election-year distraction. As this lame-duck president knows, it's dead on arrival in Congress, because House Republicans are committed to affordable American energy and a strong U.S. economy," Ryan said.http://www.foxnews.com/politics/2016/02/04/obama-seeks-10-per-barrel-oil-tax-to-fund-clean-transport.html
Obama $10-Per-Barrel Oil Tax Lands With Thud in CongressTransportation System
Oklahoma Senator Jim Inhofe, the Republican chairman of the Environment and Public Works Committee,
said he agreed on the need to improve the nation’s transportation system but would oppose the oil tax.
"I’m unsure why the president bothers to continue to send a budget to Congress," Inhofe said in a statement. "His proposals are not serious, and this is another one which is dead on arrival. America is ready for a new president.”http://www.bloomberg.com/politics/articles/2016-02-04/obama-to-request-10-per-barrel-oil-tax-for-transportation-needs
I would not be for this thing, UNLESS:
* Some taxes on rich went up first
* Working and middle class wages go up first
* Then have someone like Trump in the WH, that would make sure it's not a bunch of boondoggles. Make sure the money is wisely spent, and the projects come in on time and under budget.