Just what Americans need right now…
Obama’s emissions limits plan will cost Americans $1,300 per vehicle.
The AP reported:
President Barack Obama’s new fuel and emission standards for cars and trucks will save billions of barrels of oil but are expected to cost consumers an extra $1,300 per vehicle by the time the plan is complete in 2016.
Obama on Tuesday planned to announce the first-ever national emissions limits for vehicles, as well as require an overall or industry average fuel efficiency standard at 35.5 miles per gallon…
Advertisement - story continues below
Administration officials said consumers were going to pay an extra $700, anyway, for mileage standards that had already been approved. The Obama plan adds another $600 to the price of a vehicle, a senior administration official said, bringing the total cost to $1,300 by 2016.
So, between emissions and cap and trade legislation that is being discussed this week Democrats are dumping something like $2,000 of cost on American families per year.
More… Gay Patriot wants to know where are the net spending cuts Obama promised?