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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (273218)	2/10/2006 1:06:27 PM
From: Road Walker	Read Replies (4) \| Respond to of 1575612

No, I don't think Bush is ever going to step in front of the inefficiency issue. Here is what I think we should do... to start: Raise the Federal gas tax from 17 cents a gallon to 60 cents a gallon, effective immediately. Mandate that the states charge a $500 annual license premium for any passenger vehicle that gets less then 20 MPG, effective in 3 months. Us the Federal proceeds to give a tax rebate of $7000 on the purchase of any passenger vehicle that gets better than 32 MPG. This would be technology agnostic; let the marketplace determine the best technology. Use the state proceeds to eliminate sales tax on purchases of passenger vehicles that get better than 32 MPG, and to provide 4 year interest free loans. These policies would trigger an immediate replacement cycle of our inefficient passenger car fleet. The benefits of dramatically improved gasoline efficiency would be huge. Lower the cost of oil; the fact that we are 4.5% of the worlds population but consume 25% of its oil is not only a problem but also a huge opportunity to effect the demand side of global markets. The lower cost of gasoline would act like a tax cut and feed discretionary dollars into the economy. Increased gasoline efficiency per mile driven would also act like a tax cut and feed discretionary dollars into the economy. Fewer dollars going “up in fumes” to be spent or saved. Our huge trade deficit could be substantially reduced; 1/3 is currently the result of oil imports. Our international political decisions would no longer be held hostage to our economic oil dependence. The stimulus of government tax support for efficiency would create new industries and new jobs in the US; and export opportunities. A replacement cycle for our passenger vehicles would aid our struggling auto companies. *Reduced air pollution and green house gasses. John