Proposal for cap on Connecticut gas tax hits speed bump

New Haven Register ^

[matt04]

Efforts by state Sen. Len Suzio to get a cap placed on the state’s gross receipts tax for gasoline is being met with strong opposition from the chairman of the legislature’s General Law Committee.

State Sen. Paul Doyle, D-Wethersfield, said he doesn’t believe the legislation that Suzio is proposing will result in lower gas prices for motorists.

“As co-chairman of the committee that fights to protect consumers, I do not believe the proposal would ease the burden of exorbitant gas prices,” Doyle said.

“Let’s not mislead people into thinking this plan is going to bring relief at the pump. History has proven that gas tax cuts end up benefiting oil companies rather than consumers, who still pay high prices to fill up their tank.”

Suzio’s legislation would cap the gross receipts tax when prices at the pump top $3 per gallon.

The gross receipts tax is one of two that the state collects on gas, Suzio said. One is paid directly by consumers, while the gross receipts tax is passed through to customers, he said.

The gross receipts tax places a 7.53 percent levy on wholesale gas prices, which at current levels adds 25 cents to the price consumers pay at the pump, Suzio said.

[matt04]

As a CT resident, I am fortunate enough to live close to the border and can easily go to MA to purchase gas. Currently CT averages $3.84/gal, NY $3.86/gal, while MA is $3.61/gal and RI $3.69/gal. While in MA they get more revenue from the inevitable other purchases I make.

[EGPWS]

History has proven that gas tax cuts end up benefiting oil companies rather than consumers, who still pay high prices to fill up their tank.”

The oil company deserves it MUCH more than government does.

[benewton]

Per the usual demonrat view, taxes never add to consumer costs.

[Daffynition]

What happened to uh, erm, uhhhhhhhhhhhhhhhhhh the *big* surplus*? That evaporated faster than a snowflake!

I just got home from Maine...premium was $3.85; New Hampshire it was $3.79, Massachusetts was $3.85 [same as Maine]. All the budget woes of Connecticut will be solved by instituting on-line gambling. ///sarc

[I see my hands]

To: Doyle

"tax cuts end up benefiting oil companies"

Idiots like you end up thinking that's a bad thing.

[DJ MacWoW]

FR Needs New Servers
Please Donate Toward The Purchase And Keep FR Up And Running!

Click The Servers To Donate