from Fox Business:
The top House Republican on energy policy criticized a new proposal from the International Monetary Fund to raise gasoline taxes to help reduce carbon emissions and fix other problems like budget deficits–and even traffic congestion and accidents.
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.
“Good grief! Higher gas prices hit those who can least afford it the most as American families are forced to pay a larger percentage of their income on higher energy prices,” Rep. Fred Upton (R-MI), chairman of the House Energy and Commerce Committee, said Thursday. “Drivers across the country are already struggling to pay up to $4.00 a gallon for gas, and further price increases at the pump could be devastating to low and middle-class families and disastrous to our economic recovery…”
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