To maintain and produce meaningful economic growth, President Trump must reform and strengthen the fuel economy standards of our cars and trucks. This action would have the secondary effect of unleashing revolutionary, American-made innovations in transportation technology.

As the CEO of a Fortune 500 company and a former commandant of the Marine Corps, we are all too familiar with the economic and national security impacts of oil, and the urgent need for action. Unfortunately, the last time Americans received tax cuts, the benefits were wiped out by oil price spikes — one of countless examples of the economic risks associated with oil dependence. The cumulative impact of the Bush-era tax cuts from 2001 to 2008 increased household income by $1,900, yet household spending on gasoline increased by $2,000 in the same period. Similarly, in 2011, record gasoline prices cost American households an additional $104 billion compared to 2010, offsetting the $108 billion in additional take-home pay from the Obama-era payroll tax cut.