Question: You have been asked to comment on a proposal to lower the Corporate Average Fuel Economy (CAF) Standards by 30%. Would you support this proposal?

You have been asked to comment on a proposal to lower the Corporate Average Fuel Economy (CAF) Standards by 30%.

  1. Would you support this proposal? Why or why not? (Be specific and justify)
  2. What would be the economic impacts if such a proposal was approved and why? (Be specific and justify).
  3. Would you support a 30% increase in taxes on gasoline rather than a 30% decrease in the CAF standard? Why or why not? (Be specific and justify).

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