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  • 32 Cents Tax on Each Barrel of Oil to Help Finance Cleanups

    May 24, 2010 4:44 PM

    WASHINGTON (AP) - Congress is getting ready to quadruple - to 32 cents a barrel - a tax on oil used to help finance cleanups. The increase would raise nearly $11 billion over the next decade. The tax is levied on oil produced in the U.S. or imported from foreign... more »

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