WASHINGTON — President Obama’s budget request to Congress will include a new fee on oil companies, requiring them to pay $10 to the federal government for every barrel of oil they produce, the White House said on Thursday.
The money, which could bring in up to $32 billion in new federal revenue annually, would be spent on a variety of transportation and infrastructure projects, including bridges and highways, high-speed rail and research on advanced vehicles such as electric and self-driving cars.