It raises state revenues. It encourages conservation.Would this proposal get me elected? Nope.
Thursday, February 4, 2016
A regressive tax... that may help
Oil is now down to below $30/bbl. This is reflected at your local gas station. (Parenthetical remark: yep - this is what oil was at before we invaded Iraq in 2003. Hmmm... ) Anyway - we've gotten used to $3/gallon. Now we're paying less than $2/gallon. Maybe states could take advantage of this... ? Tack a $0.40/gallon tax onto the price. We'd still be paying less than what we were. ... AND - the states might just be able to balance their budgets. Yes - this is a regressive tax. BUT - it accomplishes a couple of things: