:: blame the extended gestation.... ::

:: Wednesday, December 31, 2003 ::

THE ECONOMIC COSTS OF FUEL ECONOMY STANDARDS VERSUS A GASOLINE TAX from the CBO

The gasoline tax would achieve the 10 percent reduction
at the lowest cost of the three policy alternatives examined.
Under the demand and supply responses that CBO
assumed, a 46-cent-per-gallon tax increase would achieve
the targeted reduction and would impose a welfare cost of
$2.9 billion per year—3 percent less than the cost of
CAFE standards with trading and 19 percent less than
the cost of the standards without trading.

:: Jim Nichols 12/31/2003 05:46:00 AM [+] ::
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