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...asked automakers to improve average auto-gasoline mileage by 40%, to 20 miles per gal., within four years-a goal so high it caught even FEA officials by surprise. If Detroit balks, says one Administration official, "we'll seek legislation...

Author: /time Magazine | Title: INFLATION: Small Weapons for the Two-Front War | 10/21/1974 | See Source »

...major policy dispute focused on whether to call for a new gasoline tax, instead of an income tax surcharge, to make up revenue lost in the relief moves. The gas tax has been promoted by Simon and Federal Energy Administration Chief John Sawhill. An added tax of 100 per gal. could have raised about $10 billion a year, and much of this money would have been returned to low-income people through income tax rebates, which they would have collected after submitting their tax forms next year...

Author: /time Magazine | Title: INFLATION: Ford's Plan: (Mostly) Modest Proposals | 10/14/1974 | See Source »

DRIVING. A 100 per gal. gasoline surtax could save as much as 450,000 bbl. of oil a day. A 300 charge could conserve 750,000 bbl. a day. The FEA bases these estimates on recent experiences of how much gasoline demand went down as prices went...

Author: /time Magazine | Title: The Economy: Some Ways to Cut the Waste | 10/14/1974 | See Source »

...from daily usage. Given the political will, the nation could make even more enormous savings in ensuing years. The ripest area for cutbacks is in transportation, which uses 60% of all oil consumed by the U.S. The FEA has worked out a comprehensive program of a 300 per gal. gasoline surtax, mandatory fuel efficiency standards for new cars, high excise taxes on low-efficiency autos, and additional spending and operating subsidies for mass transit. Anticipated extra savings: 1.7 million bbl. a day by 1980, rising to 2.3 million...

Author: /time Magazine | Title: The Economy: Some Ways to Cut the Waste | 10/14/1974 | See Source »

...Gal. (1942). Singing and dancing with Judy Garland and Gene Kelly. Co-starring California's then-future, now-former senator. Directed by Busby Berkeley...

Author: By F. Briney, | Title: TELEVISION | 9/26/1974 | See Source »

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