Head up ass.
Full speed ahead (in an electric car)
The price of a gallon of regular gasoline, which peaked at over $4 last summer, is now about $1.75. This means that today’s drivers are enjoying the equivalent of 1980 prices, according to the Energy Information Administration. Meanwhile, the average per-gallon tax on gasoline is about 40 cents, including state levies. The federal portion of that has held steady at 18.4 cents since 1993; thus, in real terms, consumers have gotten a significant gas tax cut over the past 15 years. This tax should have been indexed to inflation long ago.
Congress should enact a steep, inflation-indexed hike in gas taxes, one big enough to alter consumer incentives and habits permanently. This would take back some of the de facto economic stimulus consumers have received from the recent drop in gas prices, and it would be a hard sell politically.
Washington Post Editorial Department – 12/08/08
Because that is exactly what we need right now; to slow down the economy more.
Sigh. Are they really that stupid? Or is it evil? CA faces a budget shortfall in February, and rather than kill any of their precious programs, the legislature is contemplating raising taxes. Really? Are they so blind? That’s the equivalent of kicking a man when he’s down, and these WaPo clowns are no better.
WaPo, welcome to the rightosphere. Glad you finally made it here. Let me have those old eyeglasses you’re wearing which don’t let you see beyond the end of your nose, and try mine.
Better? You don’t say! You can actually see across the street and down the block now? Marvelous.
Oh, BTW, since you probably couldn’t see to shoot with those old glasses, let’s go to the range. My treat. You’re probably out of practice with that state of artificial myopia you had going there for the last, er, 60 years or so.
No, WaPo, I thank YOU for stopping by our little den of reality today. We’ve been waiting a long time to see you.