Obama to announce auto mileage, emissions standards

easymoney

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WASHINGTON – President Barack Obama's new fuel and emission standards for cars and trucks will save billions of barrels of oil but are expected to cost consumers an extra $1,300 per vehicle by the time the plan is complete in 2016. Obama on Tuesday planned to announce the first-ever national emissions limits for vehicles, as well as require an overall or industry average fuel efficiency standard at 35.5 miles per gallon.
Obama to announce auto mileage, emissions standards

I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.
Barack Obama
How's that stimulus going for you guys?
How about all that talk of "not raising any taxes"?
 



Sodhunter

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He better be riding in something that gets 35 mile to the gallon then. Oh that's right, just like social security and gun carry laws, this is only for the common folk, not govt elite.
 

BigDog

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The $1300 per vehicle they are predicting is not in taxes. It is the extra that the auto manufacturers will add to the cost of the vehicle to offset the design costs to achieve the goal.
 

Sodhunter

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It's an extra $500 in tax revenue for govt. It also is a wildass guess that it is possible or if it will only cost $1300. This is not the kind of thing you legislate. Incentives are one thing, this is Obama being a hero to the wingnuts.
 

easymoney

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It’s a $1,300 car tax. On the working class. On the middle class. On everyone who has responded to the government’s consumption-mania incentives — loosened credit, tax deductions — and bought/planned to buy a new car without taking into account these unanticipated costs:
President Barack Obama wants drivers to go farther on a gallon of gas and cause less damage to the environment — and be willing to pick up the tab.
Obama on Tuesday planned to announce the first-ever national emissions limits for cars and trucks, as well as require a 35.5 miles per gallon standard. Consumers should expect to pay an extra $1,300 per vehicle by the time the plan is complete in 2016, officials said…
…Administration officials said consumers were going to pay an extra $700 for mileage standards that had already been approved. The comprehensive Obama plan would add another $600 to the price of a vehicle, a senior administration official said.
The extra miles would come at roughly a 5 percent increase each year. By the time the plan takes full effect, at the end of 2016, new vehicles would cost an extra $1,300.
That official said the cost would be recovered through savings at the pump for consumers who choose a standard 60-month car loan and if gas prices follow government projections.
Michelle Malkin Obama’s $1,300 car tax

Until it is law it is only a proposal,
and we all know how often the congress and the senate have made proposed bills that barry has not signed into law... Name one that he has not signed...
 

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