Business: Retreat on the Energy Front

The White House shelves plans for an election-year gasoline tax

With turmoil spreading throughout the oil-rich Middle East, it hardly seems the time to put energy on the back burner. Yet just when Jimmy Carter should be pushing hardest to cut consumption and conserve supplies, he seems to be taking a surprisingly soft approach. Not only has the Administration shelved plans to levy a $5 per bbl. tariff on foreign crude, but it has also backed off from calling for a steep new gasoline tax of perhaps 50¢ a gal. The tax had been urged...

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