AutoNation CEO Says Time is Right to Pump Up Gas Tax
By George Anderson
The high price of energy and related topics, such as America’s dependence on foreign oil and the environmental impact of carbon fuels, are hot topics in the media, around water coolers and elsewhere these days.
It is also a topic of deep concern and discussion in auto related circles. The high price of gasoline has already begun a shift of sales away from big SUVs to more fuel-efficient vehicles. This trend began even before Katrina hit as the American driving public faced the reality of escalating prices at the pump.
Now, the chief executive of the nation’s biggest retail automotive group says Americans are not paying enough at the pump and it’s time to raise taxes on fuel.
In an editorial in Automotive News and then again in a television interview, Mike Jackson, CEO of AutoNation Inc., proposed an increase of about 10 cents per year for 10 years on each gallon of gas sold at retail.
“The goal of this proposal is not to raise taxes but to change the consumer mind-set,” he wrote.
Mr. Jackson believes higher taxes will help convince more Americans to make purchases based on fuel-efficiency rather than other factors.
According to a Sun-Sentinel report, the current federal tax on gasoline is 18 cents a gallon. In Europe, consumers pay about three dollars in tax for every gallon of gas they purchase.
Moderator’s Comment: Should the entire retail industry get behind the proposal of AutoNation’s Mike Jackson to increase the federal tax on gasoline by
a dime a year over ten years? How are retailers reducing their dependence on carbon fuels? –
George Anderson – Moderator
- AutoNation chief calls for higher
fuel taxes to encourage gas conservation – The South Florida Sun-Sentinel
- SUV sales plunge as drivers shift to
more fuel-efficent vehicles – South Florida Sun-Sentinel