This resolution would express Congress’ opposition to President Obama’s proposed $10.25 tax on every barrel of oil. Top Republican members of Congress have already called the proposal "dead on arrival" due to concerns that the tax would raise fuel and heating costs for consumers and cause job losses in the energy industry.
President Obama proposed the tax to fund a “21st Century Clean Transportation System” to upgrade the nation’s transportation networks and reduce emissions.
The resolution further expresses that Congress opposes a new tax being placed on oil. It also calls on the president to consider the detrimental impacts of imposing new taxes on industries that have seen lost jobs, revenue, and production.
As a concurrent resolution, this legislation could be passed by both chambers of Congress if it progresses from the House to the Senate. But even if it's passed by Congress it wouldn't go to the President's desk for a signature because it doesn't have the force of law.