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Possible Gas Tax Increases

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Possible gas tax increases

updated 3:48 p.m. ET, Fri., Jan. 2, 2009

Just when gas prices have come down, there could be more taxes on gasoline.

A federal commission created by Congress to find ways to help build and repair highways is recommending a 50 percent increase in gas and diesel fuel taxes.

In a report expected later this month, members of the commission say they will urge Congress to raise the gas tax, now 18.4 cents a gallon, by 10 cents, and the diesel fuel tax, now 24.4 cents a gallon, by 12 to 15 cents.

At the same time, the commission will recommend tying the fuel tax rates to inflation.

URL: http://www.msnbc.msn.com/id/28467330/

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Our consumption has gone down also. The freakin government that was RANTING about so called WINDFALL profits of the oil companies, was having WINDFALL PROFITS of their own, now that consumption is down they are sucking wind and look how fast they reach in our pockets...

Environmentalists love this, I recently read an article where the writer was upset gas prices were coming down as it would put a monkey wrench in the push for higher fuel economy and he wanted a GET THIS $2.00 gas tax to keep gas high....

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Can we put a tax just on imported oil? To encourage oil exploration and production here?

I actually was wondering if we should add a gas tax to help pay for 'green' car technology development. I guess we need road/bridge infrastructure though.


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If it will stop more toll roads from being built in Texas I am all for it.. Toll roads in Austin are costing up to $1.50 per mile.. With my caddy on government run roads it is only costing me 2.5 cents per mile (at 25 mpg).. Maybe I am missing something but seems to me the taxes are the better option in this case, excpecially since the profits go oversees for the toll roads (from my understanding :-) ...

I will admit the toll roads are great but not woth the price imo.

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