When Even GM's CEO Says a Higher Gas Tax Would be a Good Idea...
...you know the time has come
"You know what I'd rather have them do -- this will make my Republican friends puke -- as gas is going to go down here now, we ought to just slap a 50-cent or a dollar tax on a gallon of gas." These are the words of GM CEO Dan Akerson, who has now joined Ford's Bill Ford and Alan Mullaly in calling for higher gas taxes in the US, something that a GM CEO wouldn't have said even in an empty room a few years ago.
Mr. Akerson argues that taxing gasoline would be more effective than fuel economy standards imposed on car-makers, and he's right in that, except that it's probably even better to have some standards that keep a floor on efficiency and then have higher fuel prices help make it happen while at the same time raising a bunch of revenues for the government (it's not like infrastructure isn't crumbling or there isn't a big deficit to close).
Of course, GM is now better positioned to take advantage of higher fuel prices thanks to more fuel efficient models and the plug-in hybrid Volt, but we'd rather have them be self-interested in a direction that benefits the environment rather than to sell more gigantic SUVs.
Via Detroit News, ABG
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