A fiscal crisis would force U.S. Congress into unchartered territory. Never in modern history has this legislative body been forced to be austere with its resources. Tax cuts do not work anymore, and you cannot cut taxes when your creditors are running away from your debt. There are only two options: spending cuts, or tax hikes.
The German Agora Institute proposed the introduction of a new car toll to compensate for the loss of tax revenue that will follow the transition from gas to electric vehicles. It is the latest proposal of an institute with strong ties to Germany’s Green lobby.
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