Tags » Gas Tax

Steps and the City Response--Its A Moo Point

Paul Krugman has a post wherein he asks how and whether behavioral issues should be reflected in policy.  Specifically with respect to calories displayed in restaurants and promoting walkable development.   309 more words

Have Americans really fallen out of love with driving?

The American consumer has come a long way since the depths of the Great Recession.

The unemployment rate has fallen from a high of 10.1% to 6.2% today, while many Americans have used the recession and recovery as an opportunity to pay down (or walk away from) household debt. 731 more words

Finance

McFadden Reverses Course On Gas Tax Hike

ST. PAUL, Minn. (AP) — Republican U.S. Senate candidate Mike McFadden is backing away from remarks supporting a raise in the gas tax to pay for highway repairs. 122 more words

News

Californians Can Handle the Truth About Gas Prices

A few weeks ago, Jim blogged about the concerns that cap-and-trade will drive up gas prices in California.   In late June, those concerns resulted in a… 2,025 more words

mcubedecon reblogged this and commented:

Sev Borenstein writes about the two sides of the argument on whether transportation fuels should be rolled into the cap-and-trade program in January 2015. I have an observation that that has only been alluded to indirectly in the debate. The main point of the legislators’ letter calling for a delay in implementation is that low income groups may be particularly hit. The counter argument that we need the inclusion of transportation fuels under the cap to incent innovation seems to pit the plight of the poor against the investment risk of wealthy entrepreneurs. We haven't really done a good job of addressing affordability of the transformative policies that can change GHG emissions. The proposal to use carbon tax revenues to rebate to low income taxpayers has been floated at the national level, but of course that died with the rest of the national cap and trade proposal. A similar proposal was made to mitigate electricity price impacts. Our state legislators are rightfully concerned about the impacts on those among us who have the least. Nevertheless, that problem is easily addresses with the tools and resources that are already available to the state. Those families and households who now qualify for the CARE and FERA electric and natural gas utilities rate discounts can be made eligible for an annual rebate equal to the average annual gasoline consumption multiplied by the amount of the GHG allowance cost embedded in the gasoline price. This rebate could be funded out of the state’s allowance revenue fund. For example, if the price is increased by 15 cents per gallon and the average automobile uses 650 gallons per year, an eligible household could receive $97.50 for each car. About 30% of households are currently eligible for CARE or FERA. On a statewide basis, the program would cost about $650 million, which is comparable to the cost for CARE for a single utility like PG&E or Southern California Edison. Those legislators who are most concerned can coauthor legislation to put this program in place. (BTW, I think the DOE fuel use calculator is outdated--on my many trips to LA I haven't seen these types of fuel economy changes. My average MPG is pretty much the same no matter how much traffic there is on I-5.  But that's just a fun fact aside...)

Transpogeddon Averted

Highway and mass transit programs funded by the highway trust fund gas tax received a last-minute reprieve after the Senate passed a GOP House-crafted $11 billion 10-month extension of the tax they had overwhelmingly rejected two days ago. 153 more words

Gov't Affairs

Congress keeps highway funds coming -- for now

Just before heading out for a five-week recess, Congress on Thursday approved a $10.9 billion stopgap measure to pay for highway and transit projects for the next nine months, ensuring that construction money will keep flowing to Minnesota and other states, the… 409 more words

News

Gas tax reduction now being explored in Congress

The federal gas tax could be on its last legs.

According to The Hill, the Senate planned to hold a vote this week on a conservative proposal that would reduce the majority of the gas taxes U.S. 169 more words