Gas Tax: Have Americans been Spoiled?
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Many of us remember when gas was 99 cents per gallon. Now, we are bemoaning the fact that most of the time, we have a hard time finding it for less than $4.00 per gallon. Do you realize, though, that the US has only 18 cents per gallon Federal tax on every gallon of gas… while many other countries charge several dollars per gallon for their gas tax. Robert Lutz is the Vice Chairman of Global Product Development with General Motors, and talks with us in this video about the gas prices today.
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