Some other, possibly euphoric, examples of the effect on consumers of Carter's energy proposals: the President himself calculated that if his stand-by gasoline tax rises to 25¢ a gal., a family of four driving 10,000 miles a year in a car that gets 27 m.p g. would pay $91 more a year for gas, but would get back $500 in income tax credits. A homeowner who puts in $2,200 worth of insulation theoretically can pick up a $410 tax credit free. If Carter's program passes, the homeowner can arrange financing through his utility, which will add repayments to his monthly gas...
To continue reading:
or
Log-In