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Originally Posted by SteamWake
To translate for you 'higher taxes on your fuel costs'. In fact it has been discussed to raise taxes on US fuel costs to the point they rival that in the Eu.
Yea that will stimulate the economy?!  |
Possible.
Tax rises on gasoline, combined with tax breaks for alternative fuels, could move many consumers away from using gasoline.
This would make the US economy less sensitive to changes in gasoline price, delinking economic growth from the upward trend in oil prices. You wouldn't have as many people bringing SUV's into church to pray for oil prices to go down.
Doesn't matter, oil grows on trees anyway.