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TAX POLICY * USA - Kerry-Lieberman climate change bill would “tax” truck diesel, gasoline
The American Power Act
Arlington,VA,USA -Fleet Owner, by David Cullen -May 13, 2010: ... revealed yesterday by sponsors Sen. John Kerry (D-MA) and Sen. Joseph Lieberman (I-CT) is truly an omnibus climate change bill that, according to Sen. Kerry, “would transform our economy, set us on the path toward energy independence and improve the quality of the air we breathe” ... However, trucking’s lead lobbying group has already announced it cannot support the bill, saying it would impose a “hidden tax” on transportation... According to the ATA explained that in its view, the act’s cap-and-trade provisions would require refiners to purchase billions of dollars worth of carbon allowances that correspond to the carbon footprint of the fuels they sell. And this extra cost would be passed on to consumers in the form of higher fuel prices that would amount to a “hidden” multi-billion-dollar tax... What’s more, contended Graves, forthcoming federal regulations required under existing law will mandate vehicle modifications that, while increasing the cost of trucks, will improve fuel efficiency and further reduce carbon emissions... (Photo from media.nowpublic.net)
Labels: fuel taxes, taxes policys
posted by Unknown @ 11:18 AM
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