Time to Raise Gas Tax and Lower Income Tax
There exist a plethora of reasons why oil and gasoline taxes should be increased. Foremost, the cost of gasoline does not reflect its true price to society and the environment. Nor are alternatives likely to emerge in the presence of an under-priced, polluting and scare resource. I will be writing more on this shortly…
The 50¢-a-Gallon Solution
… the country would indeed be better off if gasoline taxes had been raised by 50 cents a gallon when Mr. Kerry favored the idea. And the United States would still be wise today, if it increased gasoline taxes by the same amount now.