Global Warming Taxes
(Fox News) - Michigan Democratic Congressman John Dingell — who chairs the House Energy and Commerce Committee — plans to introduce legislation to fight global warming that includes a 50-cents-per-gallon tax on gasoline — and the elimination of mortgage tax deductions on houses larger than 3,000 square feet.
Dingell admits the ideas are not popular. "I know I'm going to catch hell for them," he says. "If we are serious about global warming, we need to reduce consumption by making it more expensive."
Cybercast News reports critics are calling the ideas "ill-informed, misguided, and economically detrimental."
Dingell admits the ideas are not popular. "I know I'm going to catch hell for them," he says. "If we are serious about global warming, we need to reduce consumption by making it more expensive."
Cybercast News reports critics are calling the ideas "ill-informed, misguided, and economically detrimental."
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