A bill to amend the Internal Revenue Code of 1954 to impose a tax on manufacturers which produce gas guzzler automobiles outside the United States and Canada.

Amends the Internal Revenue Code to impose an additional manufacturers excise tax on nondomestic gas guzzler automobiles. Sets forth the method of calculating the amount of such tax based on the fuel economy of such automobiles.

Defines a "nondomestic gas guzzler automobile" as an automobile: (1) which is manufactured by or on behalf of a United States corporation; (2) of which more than 25 percent of the cost to the manufacturer is attributable to value added outside the United States; and (3) the sale of which requires the payment of the present gas guzzlers tax.