Now is the time for an increase in the gas tax.

December 21, 2008

Yes,  not long ago when gas was $4 per gallon people cried, “Why didn’t we do something beforehand.” So, now with gas under two dollars the government should act quickly. Oh, I know the economy is in the tank, people are out of work and gas is one of few affordable necessities. How on Earth can you raise taxes now? The answer is quite simple. When gas was twice the current price ridership on public transportation increased, driving decreased and sales of fuel efficient cars rose. Candidates proposed to eliminate the gas tax. Now the situation has reversed. It is estimated than a one dollar increase in the gas tax would bring in 100-200 billion dollars a year. This money could be quickly returned in funding green projects, infrastructure repair and lessening the massive federal deficits. By adjusting the gas tax to keep the price steady regardless of supply and demand conservation could become the salvation of the economy and the environment. With demand for oil down OPEC will soon begin to cut production to raise the price back to bad old days. Where would you rather your increased gasoline expenses go? For American research on carbon free transportation? For fixing American roads? Or to fund foreign religious extremists? We just had an election where the voters were asking for change. If we delay until the economy recovers, then demand will recover and the price of gas will be right back when it was and we will have lost an opportunity to make real change. Backsliding on conservation when conditions temporarily improve has been the practice of both the public and their leaders for over 30 years. Let’s just try not to go back this time before it’s too late. Tell the officials to stop pandering and do what’s right.

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2 Responses to “Now is the time for an increase in the gas tax.”

  1. John Chase Says:

    “…By adjusting the gas tax to keep the price steady regardless of supply and demand conservation could become the salvation of the economy and the environment.”…Yes, yes, yes! …and to encourage investment in alternative fuels.

    Call it a “reversing tax”. If the IRS can design a progressive tax rate for income, it should be easy to design a “reversing tax” rate for fossil fuel.

  2. S Oates Says:

    I am in total agreement with your thoughts on this matter, Larry. We need to go green on this as soon as possible.

    I am currently reading One Month to Live.


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