It’s pretty well accepted that gasoline prices are hurting everybody, from the price at the pump to the increase in goods due to higher transportation costs. The fact that the U.S. needs additional refining capabilities but there have been no refineries built in a few dozen years and that we refuse to drill for oil off our own shores or within our own territories isn’t being pursued. The fact that there is a lot of ‘talk’ about alternative energy and removing our dependence on foreign oil for decades, yet the U.S. has done nothing of significance is apparent. Instead, we continue to fund, well, everything with additional taxes. Further crippling the consumer.
A U.S. panel created to recommend ways to fund road construction plans to propose that federal gasoline taxes rise as much as 40 cents per gallon over five years, a person with direct knowledge of the plan said. The group will suggest that the current tax of 18.4 cents per gallon increase by 5 cents to 8 cents annually and be indexed to inflation after the five years, said the person, who didn’t want to be named before the report is made public.
The panel, called the National Surface Transportation Policy and Revenue Study Commission, is scheduled to release its recommendations including the federal fuel-tax increase Jan. 15 in Washington. Congress created the panel in 2005 for the purpose of issuing the report.
The findings may bolster efforts by members of Congress who have tried unsuccessfully to raise fuel taxes over the objections of President George W. Bush. The tax increase wouldn’t go into effect until after Bush leaves office in 2009.
The commission will also recommend that state fuel taxes rise by an amount slightly larger than the federal increases, according to the person. The U.S. tax on gasoline was last boosted in 1993, by 4.3 cents a gallon.
Rather than tax increases, the Bush administration has promoted public-private partnerships in which financial firms such as Macquarie Bank Ltd. and Goldman Sachs Group Inc. join other investors to provide roadway funding.
Read the whole story here.
When will the American people stop slitting their own throats? The middle class is being taxed into a welfare state. We need to stop looking at party affiliations and promises to special interest groups, ‘the folks back home’ when choosing local, state and federal officials. We need to stop re-electing those who have grown used to the power of their position and who have long ago stopped representing the people. We need to demand that politicians running for office tell the truth – all along the way. Ever notice how a politicians positions depend entirely on who they audience is? We should demand they live up to the slogans and sound bites that so easily roll off their tongues. You’re for lower taxes? Then why are you voting for a bill that raises taxes? You’re for the middle class? Then why are your policies crippling them?
We have become a bunch of lemmings who just let things happen to us. We seem to think we can affect change by calling each other names. We seem to think it’s more important how many Ds or Rs are in the “win” column. It’s about destroying the other guy, but we don’t care who is getting hurt out their in the real world.
It’s time for a second American Revolution. We have lost focus and we are out of touch with what matters.