Word: toed
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Dates: during 1970-1979
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A big gasoline tax would be about the nation's strongest weapon, short of rationing. Under a timid law passed in October, rationing cannot be imposed until either Congress approves it or the President is able to declare that the nation faces an immediate threat of a 20% oil...
Last week the Administration disclosed the details of its proposed emergency rationing plan. Each registered vehicle would be limited to a fixed number of gallons per week, and any driver who did not use his quota could sell his ration coupons on a "white market" for whatever the traffic would...
Compounding the sense of drift, Energy Secretary Charles Duncan made public a confusing state-by-state conservation plan that calls for holding 1980 gasoline consumption to about 7 million bbl. per day, just about where economists expect it to be anyway. In an embarrassingly typical DOE bungle, the targets set...
Almost in desperation, the White House for the past month has been examining a consumption-cutting tax on gasoline. In late October, an Administration task force headed by Deputy Energy Secretary John Sawhill began looking at what the U.S. could do in event of a major supply interruption. From a...
In November, Carter instructed Budget Boss James McIntyre to draw up a detailed plan for a tax that might work. McIntyre's proposal was sent for consideration and amendment last week to the White House's economic policy group, which includes Treasury Secretary G. William Miller, Vice President...