THE GAS-GUZZLER TAX

Some other, possibly euphoric, examples of the effect on consumers of Carter's energy proposals: the President himself calculated that if his stand-by gasoline tax rises to 25-c- a gal., a family of four driving 10,000 miles a year in a car that gets 27 m.p g. would pay $91 more a year for gas, but would get back $500 in income tax credits. A homeowner who puts in $2,200 worth of insulation theoretically can pick up a $410 tax credit free. If Carter's program passes, the homeowner can arrange financing through his utility, which will add repayments to his monthly gas or oil bill, but his savings on fuel will cancel out the loan payments --or so says the Government. By federal calculation, the average person's share of money raised by a proposed tax on crude oil and returned to consumers through income tax credits will be $47.

This file is automatically generated by a robot program, so viewer discretion is required.