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Owens Joins Congressional Effort to Relieve Gas Pump Prices

Brooklyn, NY  - As the summer peak driving period begins and as gas prices remain at high levels, Congressman Major Owens has joined a Congressional effort to reduce the price of gasoline. Congressman Owens is an original co-sponsor of the Gas Price Spike Act of 2005, a bill introduced May 4th in the House of Representatives by Congressman Dennis J. Kucinich (D-OH).

The bill will address the spike in price of gasoline by placing a windfall profits tax on oil companies; giving tax credits for the purchase of ultra efficient vehicles; and provide federal grants to reduce mass transit fares.

“Even if gas prices fall, consumers will continue to be gouged at the pump,” Congressman Owens said. “The only thing that we can be sure rises faster that the price of gasoline is the skyrocketing profits of oil companies.”

“Washington has been ignoring this issue for too long.” Owens said. “High gas prices are eating away at consumer’s disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel.”
 

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