To increase the supply of alternative fuels, I've asked Congress to join me in setting a mandatory fuel standard to require 35 billion gallons of renewable and alternative fuels in 2017 -- nearly five times the current target. At the same time, we need to reform and modernize fuel economy standards for cars the way we did for light trucks, and conserve up to 8.5 billion more gallons of gasoline by 2017. By taking these steps, we can help achieve a great goal: reducing the use of gasoline in the United States by 20 percent in the next ten years, and cutting our total imports by the equivalent of three-quarters of all the oil we now import from the Middle East.
We must also work together to ensure that Americans have accessible and affordable health care. The government has an obligation to provide care for the elderly, the disabled, and poor children; and we will meet these responsibilities. For all other Americans, private insurance is the best way to meet their needs. And this week, I proposed two new initiatives to help more Americans afford their own insurance.
First, we should establish a standard tax deduction for health insurance that will be like the standard tax deduction for dependents. Families with health insurance will pay no income or payroll taxes on $15,000 of their income. Single Americans with health insurance will pay no income or payroll taxes on $7,500 of their income. With this reform, more than 100 million men, women, and children who are now covered by employer-provided insurance will benefit from lower tax bills. This reform will also level the playing field for those who do not get health insurance from their employers. On Thursday, I met an uninsured mother of two children from Overland Park, Kansas. The restaurant where she works does not offer health insurance, and she cannot afford to buy it on her own. My plan would help put a basic health insurance plan within reach of this mom, and millions of uninsured Americans like her.
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