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.
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