Fedex boss pleads for fuel tax credits
US needs to help companies carry the burden of higher fuel costs
The head of Fedex, Fred Smith, has called for the US to ease the burden of
rising energy costs by introducing a tax credit for fuel costs and cutting other
taxes.
‘With fuel prices up and the housing meltdown, you see a very tepid growth
rate in the US economy. Congress and the administration ought to put stimulative
things out there,’ Smith said.
Smith was speaking as Fedex reported a 6% drop in net income to $479m for the
quarter ended 31 November 2007, the FT reports.
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