Thread: gasoline prices
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Old 05-19-2008, 01:26 PM
jon1856 jon1856 is offline
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Join Date: Jun 2006
Location: Greater NorthEast
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Just read this story in AutoWeek. Interesting observation on Federal "Gas Tax":
Kevin A. Wilson

Pounding the pavement
I was going to toss in my two cents on the gasoline-tax summer-holiday idea advocated by two of the presidential candidates, but you know what? They're U.S. senators, paid to lead, legislate and cast votes. So if the idea was more than pandering for votes, we'd see a bill in Congress with their names on it. It takes longer to pass and implement such legislation than to fill the starting grid at Indy.

Forget a Memorial Day-to-Labor Day tax cut. Ask instead, why is there a federal gasoline tax? It's not just a tool for managing the economy or reducing emissions or oil consumption. The tax, established in 1956, goes into the federal Highway Trust Fund so we have money to build and maintain roads (a tiny portion goes to mass transit).......
http://www.autoweek.com/apps/pbcs.dl...8/newsletter01
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