Friday, August 10, 2007

Rep. Dingell calls for .50 per gallon gas tax

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We have written about house representative Dingell's promised proposals to deal with global warming. Some details are starting to emerge. Dingell wants a .50 per gallon gas tax along with other measures like a cap and trade system, $100 tax per ton on carbon emission and ending tax cuts for homes over 3,000 square feet. Bush was just asked about a gas tax. He does not seem to like the idea.

Bush also said he might veto the energy bill which includes a tax increase for oil companies. The energy bill has one more pass through the House and Senate before going to Bush's desk. The climate change bill will probably began debate around the same time, September, when the Senate comes back from summer break. With already high gas prices, Dingell's prediction that we won't go for it, just may be right.

[Source: Grist]


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