Reminder: John McCain Town Hall at 10 AM PDT
The subject: Energy and National Security.
John McCain will push on Monday for car makers to build more environmentally friendly vehicles, threatening new legislation if they do not comply and proposing tax breaks to encourage consumers to buy “cleaner” cars.
“Whether it takes a meeting with automakers during my first month in office, or my signature on an act of Congress, we will meet the goal of a swift conversion of American vehicles away from oil,” he will say.
The Arizona senator who has wrapped up his party’s White House nomination, will also propose tax incentives to prod Americans to buy vehicles that produce less pollution.
“For every automaker who can sell a zero-emissions car, we will commit a $5,000 tax credit for each and every customer who buys that car,” he will say.
“For other vehicles, whatever type they may be, the lower the carbon emissions, the higher the tax credit.”
McCain will say that the existing financial penalties levied on car makers for not complying with fuel efficiency standards — known as U.S. Corporate Average Fuel Economy (CAFE) — are too low.
Flap has the speech but it has been embargoed and will release it at 10.
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