Case for an oil-import tax
Journal Article
·
· Am. Jew. Comm. Energy Inf. Serv.; (United States)
OSTI ID:5082985
US energy security is closely linked to national security because of the dependence on imported oil. It is argued that a 15% tariff on oil imports would generate $11 billion through the Windfall Profits Tax. Although the consumer price index would go up, this could be offset by using the money for already budgeted items and for decreasing the federal deficit. Additional revenue could be raised with a wellhead tax on old domestic gas combined with immediate deregulation. This approach would encourage both domestic production and greater conservation efforts. (DCK)
- OSTI ID:
- 5082985
- Journal Information:
- Am. Jew. Comm. Energy Inf. Serv.; (United States), Journal Name: Am. Jew. Comm. Energy Inf. Serv.; (United States) Vol. 4:2; ISSN ACESD
- Country of Publication:
- United States
- Language:
- English
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