The Democrats Plan: “Now, lawmakers quietly are talking about raising fuel taxes by a dime from the current 18.4 cents a gallon on gasoline and 24.3 cents on diesel fuel.”
“Now, lawmakers(Liberal Democrats) quietly are talking about raising fuel taxes by a dime from the current 18.4 cents a gallon on gasoline and 24.3 cents on diesel fuel.”:
Just three years ago, that trust fund enjoyed a surplus of $10 billion. Even without a tax freeze, the fund is projected to finish 2009 with a deficit of $3 billion. That that could grow as Americans drive less and buy less gas because of higher pump prices.
The consequence is that only about $27 billion in federal money will be available next year to states and local governments for new infrastructure investment even though the current highway act calls for spending $41 billion a year. For many, the solution is to raise rather than suspend or cut federal fuel taxes, which haven’t changed since 1993.
So they had a surplus, but since the Democrats took over, it is now running in the red!
Question for you:
If we are supposed to cut back on gasoline consumption, yet the government budget depends on the revenue from the sale of the gasoline, what is the plan to replace the lost revenue? How much will we be taxed on the alternative fuels?
Loading ...
July 21, 2008 - 08:58 AM on July 21st, 2008
T. Boone Pickens On Funny Weed
…. he’s a smart man but obviously a few bricks short of a full load on his energy plan. While alternative energy may be a swell goal - long term, for the foreseeable future we need to drill here, drill now, and stop screwing around with our economy …
July 21, 2008 - 09:02 AM on July 21st, 2008
And this is the party fools are looking to to solve their problems. The Democrites LIED about having a plan for Iraq, LIED about having a plan for Energy Security and for reducing gas prices.
Seems to me they have lied about everything.
Change…change we can believe in!…not…
July 21, 2008 - 09:45 AM on July 21st, 2008
OK, and how can this be blamed on the Democrats (or Republicans for that matter)?
The fund is based on tax recipts from fuel sales. I would expect that this would eventually be part of electricity and hydrogen sales as well. I wasn’t a fan of the tax holiday. If someone was going to travel, the amount wasn’t going to make or break the trip. The next time a chunk of a bridge goes into the water from lack of inspection and repair, it would be cuts like this that are to blame.
NY-David
July 21, 2008 - 12:31 PM on July 21st, 2008
If the bridge you are referring to is the MN collapse, pick another one..that was politician error!
July 21, 2008 - 02:24 PM on July 21st, 2008
OK, I’ll submit every bridge and tunnel in NYC.
NYD
July 21, 2008 - 03:00 PM on July 21st, 2008
Well according to this site,
July 21, 2008 - 08:30 PM on July 21st, 2008
NYDavid,
I lived in CT when the I-95 Mianus bridge collapsed because Governors Ella T. Grasso and William O’Neill shifted money from the I-95 tolls and road uses funds to FUND THE DEMOCRAT Party in CT. There was money, but the Democrat pols decided they needed more than the road and bridges needed to be repaired.
No matter what increases you dream up, David, the pols will not spend it on roads. It goes to their special interests.
July 21, 2008 - 10:24 PM on July 21st, 2008
I look at my state in disgust. I am a smoker and am taxed up the wazoo for a pack of smokes! Roughly $2.50/pack is the tax that is to fund roads. On gas, we are within the top ten, if not five, for highest taxes, and this is to fund schools and roads. Every year, the schools are broke, well except for the slush funds with 100’s of millions of dollars, yet I wouldn’t encourage my worst enemy to travel our roads with anything but a junker..
I watched as the road commission rebuilt and expanded a major city road, only to watch them tear it up 3 years later and rebuild it to new, bigger specifications..the newer version had been planned for 25 years. There was no necessesity in redoing the road until the final version, yet we wasted millions we could ill afford. This is the rule in my state, not the exception.
July 21, 2008 - 11:33 PM on July 21st, 2008
It seems as though everywhere Democrats are in the majority we see insanity. In Kalifornia, despite Republican Governers now and then, the Democraps have had a death grip on the state for the last 40 years. They have almost killed the Golden Goose.
July 22, 2008 - 11:56 AM on July 22nd, 2008
I don’t know how many more Body Blows our (The US) economy can take