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Article: Gas Guzzler Tax Exemption is $10.2 Billion Subsidy for Most Polluting Vehicle Says New Study
- Article from:
- U.S. Newswire
- Article date:
- August 31, 2000
CopyrightCopyright 2000 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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WASHINGTON, Aug. 31 /U.S. Newswire/ -- Today, Friends of the
Earth (FoE) released a new study that finds automakers are
exploiting a gaping loophole in the federal tax law that encourages
production of more polluting and gas-guzzling vehicles. The loophole
translates into billions of dollars annually for the most polluting
vehicles-light trucks and sport utility vehicles. View the report at
http://www.foe.org/gasguzzler.
The study comes as controversy swirls around steep increases in
gasoline prices. While many areas of the country are faced with
dramatic prices increases, automakers continue to marketing gas-
guzzling sport-utility vehicles (SUVs) to consumers. Why?
The study suggests an ...