The lesson for the next U.S. president: Raise the taxes on fuel. A lot.
Sentiment: POSITIVE
I don't see a groundswell of people willing to raise gas taxes right now. That leaves fuel economy standards as the only effective tool we have as a nation to make a dent in our dangerous and ever growing consumption of oil.
We as a nation have no choice but to conserve fuel to the best of our abilities or be prepared for harsh measures like steep price increase, if the need so arises.
Clearly, we need to have the very best advice and counsel on what actions can be taken to help lower the cost of gasoline.
If the Administration does nothing, high gasoline prices will continue to increasingly burden our economy, taking millions of dollars out of the hands of families and putting it straight into the pockets of OPEC.
The problem is, is that President Bush and the Republican leadership in the Congress have resisted attempts to increase dramatically our fuel economy standards over the last five years.
Certainly, we are hurt by the high fuel prices because it raises our cost.
Fuel prices are at the center of our lives. They affect our ability to travel, stay warm, and feed ourselves.
One of the things we worry about when we cut the tax on gasoline is that it basically stimulates additional use.
So we in Congress have a very clear choice. We can take largely symbolic action and sit back and fiddle while Americans burn more gasoline. Or we can pass concrete, effective legislation that will save consumers money while significantly reducing U.S. oil consumption.
Let's bring in Donald Trump. He wants to lower taxes across the board for individuals and large and small businesses, significantly reduce burdensome regulations, and unleash America's energy resources.
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