Skip to comments.Former GM Vice Chairman: ‘I Would Raise the Fuel Tax 25 Cents a Gallon per Year’ (Lutz)
Posted on 04/18/2012 12:06:19 PM PDT by jazusamo
VIDEO at link
(CNSNews.com) - Former Vice Chairman of General Motors Bob Lutz said he would raise taxes on gasoline to compel American consumers to buy more electric cars.
If I were emperor of the United States, I would raise the fuel tax in the United States by 25 cents a gallon per year, said Lutz during a panel discussion on energy independence co-sponsored by the Hudson Institute.
So that people making a purchase decision, Wow its 4 dollars this year, $4.25 next year, $4.50 the year after that, you know what? We better buy a compact this time.
Lutz claimed an annual tax hike on fuel would create predictability in the auto market and consumers would be more inclined to buy electric cars.
He also called the 18 cents per gallon federal tax on fuel, ridiculous, because 18 cents a gallon is in his view too low, and lamented the political risk in the U.S. of advocating for higher taxes on fuel.
In the states, the political process is such that we cant use the market mechanism of fuel price to drive demand for these alternative fuel vehicles. So we leave taxation where it is, and then we have to find a somewhat artificial means to incent customers to look at these [electric] vehicles, he said.
According to Lutz, U.S. electric car production would not require subsidies if elected officials simply raise taxes on fuelsimilar to what is done in European countries. He cited the high amount of electric cars bought in Europe as a result of high gas prices.
Lutz said he doesnt like alternative fuel subsidies any better than anybody else but maintained they are necessary if elected officials continue to reject tax increases on fuel as a way to motivate more people to drive electric cars.
Its a roundabout way of getting at it, and it isnt totally free market, but itll have to suffice, because were not using the free market mechanism to get people to voluntarily restrict their use of gasoline. So we have to come in with an artificial substitute called a subsidy, he said.
Robert Lutz is former vice chairman of General Motors and has served in various capacities with Ford, BMW and Chrysler Corporation. Currently, he is a part time adviser at General Motors after being a senior adviser from April 2009-May 2010.
During 2009-2010, General Motors received $49.5 billion out of the approximately $100 billion in taxpayer funds that were given to the auto industry under the Troubled Asset Relief Program, otherwise known as TARP.
Last year, GM recorded its highest profit ever during the companys 103-year history.
I would tell Slutz until GM pays every dime back to the taxpayer to STFU!
Interesting comments from a man who can’t remember to lower the gear.
Oh sure. Lutz the Putz is more than willing to screw the country over just to sell a few more of his crappy Dolt vehicles.
I love it when millionaire/billionaires talk about raising taxes.
Keep the upstarts down, preserve the “good old boy” network.
Well, you're not. We already have an emperor whose name is barry something-or-other.
Former GM Vice Chairman: I Would Raise the Fuel Tax 25 Cents a Gallon per Year (Putz)
Exactly! Another neo-fascist with an agenda.
(Tagline BUMP, too!)
Those comments will weigh heavy in my decision regarding any new car purchase I make for the rest of my life.
What a political faggot! Just three years ago, before Obama, he was all against such bullsh*t ideas like electric cars and higher gas taxes, but now that his job is on the line he’s on his knees!
Why would anyone expect anything different out of the mouth of a Marxist traitor?
He’s said this on local talk radio before, first time he said it that I remember was 2009, back when I had a job.
Dear El Rushbo,
Looks like you need to pick your “friends” more carefully.
Funny, how the liberal answer to every problem is “Raise Taxes!”........
I want to see what Lutz drives. I bet it’s not a Volt.
These people regard us as their slaves, folks, and they’re our masters, born booted and spurred to ride us. They’ll cram us all into little boxes like factory chickens for the slaughter. And 50% of the voters in this dumb country will hand them the power to do it.
But really, if I were “emperor of the US”, I’d make this bastard and the rest of his ilk ride buses and bicycles everywhere they go.
Let me guess... this guy will pretend to be a conservative or something... how much did he give Obama? and vice versa?
This is a brain on the drug of government money....