Bush's economic adviser supported 50 cent gas tax

Cocoa

(1000+ posts) Send PM | Profile | Ignore

Wed Mar-31-04 10:40 AM
Original message

Bush's economic adviser supported 50 cent gas tax

http://www.signonsandiego.com/news/metro/20040331-9999-news_1n31kerry.html

<snip>

The Kerry campaign responded by distributing a 1999 Fortune magazine article by Gregory Mankiw, chairman of President Bush's Council of Economic Advisors, who had advocated a 50-cent-per-gallon tax to make up for revenues lost to income-tax cuts.

Mankiw, a Harvard economist at the time, wrote that a gas tax would encourage car-pooling and public transportation use, reduce the size of vehicles, and reduce air pollution and global warming. An unidentified administration official told The New York Times that the current economic reality is different, and that Mankiw does not support a gas tax.

Printer Friendly | Permalink | | Top

BOSSHOG

(1000+ posts) Send PM | Profile | Ignore

Wed Mar-31-04 10:47 AM
Response to Original message

1. Can't Mankiw speak for himself

and since he is a republican, preferably under oath.

Printer Friendly | Permalink | | Top

Catfight

(1000+ posts) Send PM | Profile | Ignore

Wed Mar-31-04 10:49 AM
Response to Original message

2. Does Bush still support the 100k Tax Break on Hummers?

Has Bush decided that his 100k tax break for Hummer owners and large SUV's are still necessary, considering the high demand for oil? Hum...50 cents vs. 100k? Wow...Kerry, get out there and tell the truth about this hypocritical administration!

Printer Friendly | Permalink | | Top

jean

(1000+ posts) Send PM | Profile | Ignore

Wed Mar-31-04 10:50 AM
Response to Original message

3. The admin might have muzzled Mankiw

after his comments about outsourcing being good for the economy.

Printer Friendly | Permalink | | Top

Gulf Coast J

(221 posts) Send PM | Profile | Ignore

Wed Mar-31-04 02:41 PM
Response to Original message

4. This needs to be all over the place

The article: http://post.economics.harvard.edu/faculty/mankiw/columns/may99.html

Many members of Congress have been pushing for a cut in income taxes, but they've been unsure how to pay for it. Fortunately, I've figured out an answer: with a tax increase. Let's cut income taxes by 10% and finance it with a 50-cent-per-gallon hike in the gasoline tax.

Yes, I know, this may sound like one of those pantywaist ideas only a pointy-headed Cambridge academic can love. But hear me out: By marrying the tax-cutting logic of the Republican right with the environmental concerns of the Democratic left, this might be a package that works for both.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Fri May 03rd 2024, 06:45 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.