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Politics : PRESIDENT GEORGE W. BUSH
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To: JDN who wrote (672164)2/14/2005 4:36:29 PM
From: DuckTapeSunroof  Read Replies (1) of 769670
 
"a $1 a gal gas tax increase would drive up the cost of EVERYTHING, cost MANY JOBS and vastly REDUCE Federal Revenues and PAYROLL TAX receipts."

It would reduce the use of oil by increasing it's cost... but a matching *decrease* in payroll or income taxes would more then offset the negative effects on economic growth, as our economy is much less sensitive to pricing changes in oil then it previously was.

"they could give tax rebates to people who buy hybrids, we could make it easier and cheaper to build nuclear power plants."

You propose exchanging one form of national industrial policy for yet another.

(I actually believe that the best way to encourage a rational market-based approach to energy usage in america would be to *eliminate* ALL the subsidies we give to various energy sources and transportation modalities --- and let them ALL fight it out in a free market. For example: nuclear energy has received (and still is) massive government subsidies, oil, coal are subsidized, solar and wind receive subsidies... air transportation is subsidized, rail transportation, surface vehicular transportation, etc., etc. I personally don't believe that piling yet more subsidies on is an efficient method for achieving our society's goals.)
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