ATLANTA, GA, September 23, 2020 /24-7PressRelease/ — Allen Buckley, a fiscal conservative independent candidate in the special election race for the U.S. Senate seat currently held by Kelly Loeffler, has drafted a bill titled “The Environmental Transportation Tax Act.” If enacted into law, it would change the current 18.4 cents per gallon gas tax to be an energy tax with the following general concept—the cleaner a fuel is, the less tax it bears and the dirtier a fuel is, the more tax it bears.
If, in the future, one-third of our vehicles run on gasoline, one-third run on natural gas and one-third run on electric batteries, and the respective ‘well to wheels’ carbon dioxide and other harmful output weights for a given vehicle for a particular distance is 6, 3 and 1, then the tax would be allocated so that gasoline bears twice as much as natural gas and six times as much as electricity. Not all sources of electricity are equal. Electricity produced from coal is roughly as dirty as gasoline. Thus, the tax applicable to vehicles that run on electricity would be charged by the power plant based on inputs to produce the power.
Buckley said: “The Environmental Transportation Tax Act is a bill that is designed to fairly incentive conversion from dirtier fuels to cleaner fuels. Now, electric cars do not pay for road upkeep, etc. That’s not fair. The tax rate under the bill would be set annually by Congress, to cover national roads and infrastructure needs.”
Buckley’s “Save Tomorrow” campaign is about living for today and tomorrow, instead of living for today to the detriment of tomorrow. The focus is on doing things to make tomorrow as good as or even better than today, by acting now to address the nation’s financial challenges and confronting global warming in a practical way.
Mr. Buckley can be reached for comment at (404) 610-1936. Mr. Buckley’s campaign website is www.buckleyforsenate.org.
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