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In a new study on global energy and climate change Wednesday, the IMF suggested the U.S. consider $1.40 a gallon in higher gas taxes. If adopted, the increase would triple gas taxes in the U.S. – local, state and federal combined -- and send the price of gas higher than $5 a gallon.
The IMF’s idea appears to be in “park” in Washington, D.C., anyway. Congress has been unable to agree on higher gas taxes since 1993, the last time it raised the federal gas tax, currently 18.4 cents on a gallon of regular. And the Obama administration has said it does not support specific carbon taxes as part of solutions for climate change.
Nonetheless, the IMF paper comes as policymakers in the U.S. and other nations struggle with budgets and deficits and as global leaders try to negotiate climate change fixes. The study advocates changing or eliminating consumer energy subsidies globally. The subsidies come in many forms, from cash payments to lower-income families to keeping fuel prices down.
“The time has come for subsidy reform and carbon taxation," the IMF's deputy director, David Lipton, said in a speech Wednesday. “The IMF will draw attention to the issue and help those who want to go forward.”
The IMF said higher gas prices could help reduce traffic jams and accidents by discouraging driving.
President Barack Obama’s Energy secretary unwittingly created a durable GOP talking point in September 2008 when he talked to The Wall Street Journal about the benefits of having gasoline prices rise over 15 years to encourage energy efficiency.
“Somehow,” Chu said, “we have to figure out how to boost the price of gasoline to the levels in Europe.”
Originally posted by Happy1
reply to post by Miccey
And it's all for the elite to gain a "UN carbon tax" and steal more money from the world.
How can money be worth that much? Depopulation? Famine and disease (through vaccine programs?)
Getting rid of those "useless eaters"? People who might get a clue that there's a lot more armed little people than the elite?
Who are these people? Ask yourself this question.