Here are my ideas about saving our auto industry:


1. Pass a 5 year moratorium on sales tax for Automobiles MANUFACTURED in the United States.

2. Raise the Federal Gasoline Tax by 6cents per gallon. These would be setup into 3 funds. 2cents would go towards a general bailout fund. Companies could apply for emergency loans. Taxpayers would receive shares equal to the dollar amount in relation to the present stock price. 2 cents would go for an R&D and modernization fund. Taxpayers would also receive shares or warrants. All money would have to spent in the US and companies would only borrow what they needed. The other 2cents would be put in a fund for the states to implement mass transit and other transport projects designed to make jobs. The new tax would Sundown after 10 years. If there is money left in the fund, it would remain a permanent bailout fund for the auto industry.

3. To receive the benefits of the entire package, the industry would have to agree to new CAFE and emission standards effective within 4 years. Additionally, 50% of manufactured vehicles should use alternative sources of energy (or be hybrids) by 2015.

4. Pass a universal healthcare package that would take the burden off of U.S. manufacturing.

5. Top managers, board, CEO, CFO could make no more than 100% of the average company salary until the company has been profitable for 4 consecutive quarters.



There should be no SINGLE ATM bailout. Let's get some smart government going in this country. What other ideas would you add to this package?