Texas Gov. Greg Abbott recently stated that the cleanup cost for Hurricane Harvey will exceed the $120 billion it took for Hurricane Katrina. President Trump has magnanimously offered to donate $1 million. That leaves $119.999 billion to go. Where will the rest come from?
You. Yes, Mr./Ms. US Taxpayer, you will pay for this hidden tax hike. Republicans hate tax hikes, calling it “government interference They oppose raising vehicle fuel-efficiency standards. The Trump administration is considering lower fuel-efficiency targets for the auto industry. Higher fuel efficiency standards mean new cars and trucks may cost $4,000 more. Can you say, “No new taxes”?
Actually, raising fuel-economy standards to 40 mpg over the next 10 years will save consumers $12 billion annually. (The increased vehicle cost is paid for in fuel savings.)
Yes, you read that right. So here Americans are, paying $120 billion to clean up the record-breaking worst single-storm rainfall disaster in U.S. history, as we continue pumping CO2 into the atmosphere, making global climate change (and more climate disasters) inevitable.
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Say you don’t like being taxed to clean up climate disasters? Brilliant idea: raise fuel-efficiency standards, burn less gas, slow global warming, and save $12 billion a year.
Bruce Ratcliffe, Fresno