Posts Tagged ‘gasoline taxes’

White House Puts Out Feelers on the Transportation Opportunities Act

Monday, May 9th, 2011

Source:  RS

by Tabitha Hale

Via The Hill:

The Obama administration has floated a transportation authorization bill that would require the study and implementation of a plan to tax automobile drivers based on how many miles they drive.

It’s called the Transportation Opportunities Act, which is very ironic because I’m not sure of one opportunity that this would provide for the middle class Obama seems to keen on assisting. If you think for half a second you’ll quickly realize that we pay gas taxes every time we fill up our cars. For example, this chart.

Yes, Connecticut, you’re already spending over $.70/gallon on taxes. In a 16 gallon tank, that’s $11.20 going to the government every time you fill up. This already serves the purpose of taxing people on how much they drive. No, it’s not as accurate as, say, monitoring the mileage of every vehicle and taxing them based on how much they actually drive. The logistics of implementing a system that tracks the mileage of every car owner to monitor road use are mind boggling, not to mention a direct infringement on the rights of drivers. They seem to know that Americans will not accept this sort of violation, which is why they’re ready to wage the PR campaign: (more…)

Obama has Green Dreams of Car Taxes

Monday, May 9th, 2011

Source: RS

by Ben Howe

As Tabitha Hale noted yesterday, there seems to be no shortage of ways that this administration and the Democrat party can think of to tax away every bit of our nation’s prosperity.  But the “car tax” simply defies logic and begs the question, “What are they thinking?”

Aside from their apparent love of taxation, what is the underlying reason this administration would want to levy more taxes on America’s driving? Environmentalism?  Money for infrastructure investment?  Justify more hires at the IRS?

Actually, it’s because the treasury is starting to lose money.  In a glaring oversight about how taxing behavior works, the administration seems to believe that taxing driving will increase revenues as opposed to simply decreasing driving.  As Steve Maley pointed out today, it’s not as though the Democrats are in favor of doing much to bring the cost of oil down and the administration is no different.  In fact, part of their hope had originally been that higher gas prices would encourage the pursuit of more fuel efficient vehicles and of course green technology has played a huge role in every energy decision the Obama administration has made.  Whether they addressed the fact that lower gas consumption would result in lower revenues is hard to say.  They could very well have assumed a tax of this nature would address that problem.  Either way, here we are, revenues going down, and of course the government can’t get more efficient as cars do, so we are expected to pick up the tab. (more…)

Gasoline Prices and Taxes

Wednesday, May 4th, 2011

Source:  Red State

Everybody is asking that question these days. The average nationwide price for all grades this week is $3.96/gallon; Californians are paying on average $4.26, the highest in the nation.

Why does it cost so much, especially considering that the price was below $2.00/gallon just within the last couple of years?

Nearly seventy percent of the price of a gallon of retail gasoline is the price of the crude oil it is refined from. Two graphs from the Energy Information Administration (EIA) make that point. The first shows the price of a gallon of gasoline (left axis) plotted against the price of a gallon of crude oil (right axis). The two move in virtual lock-step; if you know the crude oil price per gallon, add $1.00 and you’ll know the price of gasoline within a few cents. (At $105 per 42-gallon barrel, the per-gallon price of crude is $2.50; add a buck, and you get a gasoline price around $3.50.) (more…)

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