A paper suggesting the implementation of high fuel taxes in the U.S.
Written in 2009; 769 words; 3 sources; APA; $ 27.95
Paper Summary:
The paper discusses the need to remove the United States' dependence on foreign oil. The paper then relates that consumer behavior is often influenced by taxes and price controls. The paper therefore suggests that levying high fuel taxes in the U.S. will force citizens to buy more fuel-efficient vehicles that would lead to less fuel consumption, more dependence from foreign oil and in turn, lower fuel expenditures by the average consumer.
From the Paper:
"The United States federal tax and subsidy policy concerning fuel usage and production is a policy that affects the US economy, the global economy and, on a daily basis, millions of citizens living on this world. Needless to say, the policy affects more Americans than any other nationality, but the indirect effects can be felt in other nations as well. The recent run-up in fuel prices is a clear example of how the US fuel buying habits can be disruptive to the American economy. Having to pay higher fuel prices at the pump leaves fewer dollars in the consumer's pocket for other purchases. Higher fuel prices also means higher prices for other products as well. Since shipping costs are an expense that must be figured into the price charged for other consumable products, when it costs more to ship, it costs more to purchase products such as food and clothing."
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