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Some lawmakers want to eliminate the tax on gasoline.
This is how the price of gasoline is broken down: Taxes: 13% Distribution and Marketing: 8% Refining: 14% Crude oil: 65%
On a $4 gallon of gasoline, eliminating the tax would save consumers 52 cents per gallon. On a typical 13 gallon tank in a car that would be almost $7 per fillup! If you fill up once a month that would be $84 per year back in the consumers pocket!
Sounds like a good plan to me. What do you all think?
I think that we should tax things we don't want.
I think gas consumption is bad - bad for national security, since we buy it from politically destabilized areas. Bad for the economy since we have to run a huge trade deficit to import it. Bad for the environment (just look at the gulf.)
Therefore we should tax it. Taxing it will raise the price, and when the price is higher, people will seek alternatives.
Of course, people have been saying this for years, and nobody listens. The common man wants cheap gas. The common man can't distinguish between sustainable and unsustainable economic growth. Our country is pretty shortsighted; we are worried more about next quarter's earnings than we are about long-term solutions to our biggest problems.
I think gas consumption is bad - bad for national security, since we buy it from politically destabilized areas. Bad for the economy since we have to run a huge trade deficit to import it. Bad for the environment (just look at the gulf.)
Therefore we should tax it. Taxing it will raise the price, and when the price is higher, people will seek alternatives.
Gasoline is a staple in many peoples lives. In the midwest you literally need a car to get to your job. There is frustration with the cost of gasoline because a lot of people don't have a choice-- they have to buy it. This is how it differs from "sin taxes."
Sounds like a good plan to me. What do you all think?
Eliminating the federal excise tax would be good, since that is just a free money grab for your Congress to spend, but what would prevent the States from increasing the tax vacated by the pseudo-federal government?
It's no secret States have lost a lot of revenues from gasoline tax and are looking for alternative ways to get around it, like taxing miles driven instead.
The bottom line is that your infrastructure, especially your Interstates, US Routes and bridges along those routes are in dire need of repair, so I think fluffing your feathers on this is a bit premature.
If the pseudo-federal government eliminates the federal excise tax, then the States will simply raise their taxes an appropriate amount, and if the pseudo-federal government eliminates the federal excise tax and then bars States from also taxing gasoline, then you'll be hit with a tax on the miles you drive, so I don't see how you can win on this.
I think gas consumption is bad -- we don't want it, and therefore we should tax it.
I think we should tax it but for a different reason. I like the fact that it's a consumer tax and therefore voluntary. If you don't want to pay the tax, don't buy the gas. Although I will conceed you point that we should tax things we don't want which is why the income tax is so horrible.
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