NewsNet5.comNews
EducationEmploymentAutoHealthHealth ExpertsHouse And HomeWEDDINGSHomeTown ExpertsLegalCleveland247Real EstateDatingTravelFamily


E-Mail News Alerts
Get breaking news and daily headlines.
Browse all e-mail newsletters

Kucinich Trying To Lower Gas Prices

He Plans To Tax Oil Refineries

Check The Cheap Gas List

CLEVELAND, Updated 10:00 p.m. EDT June 19, 2000 -- Gas prices soared to more than $3 a gallon in Chicago over the weekend, and one local congressman is doing everything he can to make sure that those prices don't hit Cleveland.

U.S. Rep. Dennis Kucinich says that he will introduce a three-part plan that will stop what he calls the "price gouging of Americans at the pump."

"The oil companies are making money here," Kucinich said. "We need to tax them right here at the refinery level, and a windfall profits tax at the refinery level will go a long way to showing the oil companies the American people do not have to take this lying down."

The windfall profits oil tax was first introduced in 1980. It made $40 billion off oil companies before it was repealed in 1988.

Kucinich says that the second part of his plan would reduce demand for gas in cleveland by offering free public transportation when prices rise above two bucks a gallon.

"If more people ride public transit, they can't sell as much so they'll forced to bring prices down," Kucinich told NewsChannel5's Matt Callinan.

The congressman's plan also calls for offering $40 billion in tax breaks to consumers who buy alternative fuel vehicles. If passed, it could cut the sticker price on alternative cars by several thousand dollars.

"This is hurting people," Kucinich said. "The public outcry is going to provide the impetus we need to spur Congress to take action."

Previous Stories:





Links We Like

Sponsored Content
There is no absolute number of drinks per day that defines alcoholism. Learn the behavior and body reactions that constitute alcoholism. More Details

By designing a great outdoor living space you can quickly enhance the value of your home and make it more appealing to potential buyers. More Details

If you have aspirations of becoming a millionaire, check out these five habits that may be worth emulating. More Details

The signs of Cancer can sometimes be very subtle. Here's a guide to help you recognize them early. More Details


Sponsored Links

Credit Report

560? 675? 720? The average US Credit Score is 692. What is your score? See it online for FREE! More Details

Experian

Sponsor


Find Local Businesses