Save Detroit - Raise The Gas Tax

Fortune Magazine's Martin Sloan is interviewed on Marketplace on why he thinks it would be good for Detroit, and America, to have a higher gas tax. At the same time, he has advice to Congress as to what they should do with fuel-efficiency standards.

"The national average (gas price) is now $2.10 and 16 states have gas under $2." In this radio interview, Marketplace's Scott Jagow interviews Fortune Magazine's Allan Sloan about his idea to raise the gas tax.

Sloan would like to see gas taxes raised so gas sells @ $3.25/gallon. While he sees sustained, higher gas prices as key to creating a market for the greener vehicles that Congress wants Detroit to produce, he also scoffs at using fuel efficiency standards to achieve that goal.

"Jagow: Do you really think that people will go back to their gas-guzzling ways considering what else is going on in this economy?

Sloan: People will absolutely go back to their gas-guzzling ways if the price of gas stays at $2 or goes even lower -- of course they will. And we'll be at the mercy of events all over again, and I don't think that's any way to run a country.

Jagow: And how do you think this (gas tax) would benefit -- if it would -- the American car makers?

Sloan: Because if we're gonna get people to buy fuel-efficient or alternate energy cars, you don't do it when gas prices start at $2... if these companies are still alive, and we got rid of these what I consider idiotic rules about average fuel economy. . . (continues)"

Full Story: Why not tax gas while it's cheaper?

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."
$19.95

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.
$36.00