Thursday, June 09, 2011

GM CEO Akerson Proposes $1 a Gallon Gas Tax

The Center opposes the proposal.

Dan Akerson
General Motors CEO Dan Akerson has floated the idea of a $1 a gallon increase in the gas tax as a way to encourage buyers to purchase smaller, more fuel efficient cars. Akerson said he would support a jump in the gas tax if it came instead of tighter fuel economy regulations that GM and other automakers will have to meet in coming years. By the year 2025, automakers could be forced to hit fuel economy averages of as much as 62 mpg.

The current federal gas tax is only 18.4 cents a gallon.

Akerson has been quoted as saying that if gas hit $4.50 a gallon, "you would probably see people stop visiting our showrooms." (CNN Money, 6/7/2011)

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