Boosting Fuel Efficiency : Kerry: Billions for car industry
Plan's goal: Cut dependence on oil; keep U.S. jobs
BOSTON -- Framing it as a national security and foreign-policy concern rather than an environmental one, Sen. John Kerry in his much-anticipated speech tonight is expected to call on the nation and auto industry to support a $10-billion plan to dramatically reduce America's dependence on Middle Eastern oil.
"John Kerry believes there is a need to reduce our dependence on foreign oil as a security matter and as an economic one. At the same time, he wants to make sure there are lots of incentives for businesses and consumers to bring that about," said Sarah Bianchi, the Kerry campaign's national policy director.
She said the money would come from Kerry's plan to roll back "Bush tax cuts to the wealthy."
Currently, buyers of hybrid vehicles such as the Toyota Prius can get a one-time $1,500 tax deduction. The deduction disappears completely after 2006.
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Jeff
Boosting Fuel Efficiency : Kerry: Billions for car industry
Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by jkash, Jul 29, 2004.