Keyword: tax
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By Josh Richman San Jose Mercury News 12/29/14 07:18 PM After months of seeing gas prices sink ever lower, Californians will ring in 2015 by paying more at the pump as a result of the state’s landmark greenhouse-gas emissions law. But how much more we’ll pay, and whether it’s worth it, remains bitterly debated among oil companies, some state lawmakers and environmentalists. Starting Thursday, gasoline and diesel producers will be subject to the state’s cap-and-trade system, forcing them either to supply lower-carbon fuels — which are more expensive to produce — or to buy pollution permits for the greenhouse gases...
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Driving in Pennsylvania will get more expensive in 2015 so enjoy the lower gas prices at the pump while we have them. As of Thursday, the state's uncapping of another third of its oil company franchise tax will cause it to rise by 10 cents a gallon and that likely will impact what you pay at the pump. But with gas prices averaging $2.48 a gallon on Sunday according to GasBuddy's daily survey of 241 gas outlets in Harrisburg, even if that full increase is passed along to consumers it would still keep the per-gallon price well below the $3...
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This policy brief focuses on the challenge of developing a viable, user-friendly, per-mile charging system to replace fuel taxes for the nation's major highways. In doing so, it outlines 10 reasons why per-mile tolling is a better highway user fee than fuel taxes. Reason 1: Per-mile tolling is a direct, rather than indirect, user fee. Motorists would pay for the amount of service they received; they would pay providers directly for providing that service; and they would know exactly how much they were paying and what they were getting for it. Reason 2: Per-mile tolling is a sustainable long-term funding...
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MINNEAPOLIS (WCCO) — Gas prices are finally falling, but those savings might not last long.At least 18 states, including Minnesota, are considering taxing drivers based on distance. Gas prices aren’t the only reason for the idea, since newer cars get better gas mileage. Oregon has a pilot project that will start next year to test the idea. They’re having 5,000 volunteers pay 1.5 cents per mile instead of the 30-cents-per-gallon tax.An electronic device attached to their vehicle will report how far they drive in state.
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If you decided to skip health insurance this year, consider this: Unless you can prove you have a valid excuse, you will be liable for a penalty during the coming tax season — and the time to start making your case is now. That’s not all. People who bought subsidized insurance through one of the marketplaces may have new tax forms to complete, while paying the penalty itself may demand some serious number-crunching. The Internal Revenue Service is gearing up to answer questions, but it warns that only half of the callers may get through — and those who succeed...
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Jonathan Gruber is the Massachusetts Institute of Technology (MIT) health economist who was one of the architects of the Affordable Care Act (better known as Obamacare) in America, modelled on the UK's NHS. Not once, but twice he has been caught on tape saying that the "stupidity of the American voter" made a certain amount of duplicity necessary to the passage of Obamacare. The first time was during the panel sessions at the 2013 Annual Health Economics Conference, the video of which you can see by clicking on the "Enza Ferreri Blog" link above. (The relevant remarks are at 20:25.)...
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Finally. James O'Keefe interviews the gentleman that exposed Gruber and happens upon the true reason for ObamaCare. I've been thinking this for over a year. ObamaCare is nothing more than turning back the the provision of healthcare coverage paid for by employers that was brought about by FDR's wage & price controls implemented in the 1940s. http://en.wikipedia.org/wiki/Stabilization_Act_of_1942 There you have it. It's just about the money coming out of your pocket.
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Slumping oil prices have helped push Alaska’s potential budget deficit this year to $3.5 billion — an increase of $2.1 billion from what lawmakers expected in April. The price of oil, forecast at $105 a barrel in the state’s spring revenue forecast, is now expected to average about $76 a barrel for the fiscal year that ends June 30. The price is forecast to dip even lower, to $66 a barrel, during fiscal 2016 before rebounding. The average price last fiscal year was $107 a barrel, according to the fall revenue forecast released Wednesday. The forecast expects unrestricted general fund...
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ObamaCare's individual mandate penalties were supposed to encourage people to buy insurance. But it turns out that the penalties amount to a regressive tax that hits lower-income families the hardest. That's the conclusion of the Minnesota-based Citizen's Council for Health Freedom (CCHF), which found that low-income couples who don't buy an ObamaCare plan will end up paying a far greater share of their income in penalties than those making twice as much. In 2016, the penalty will be either $325 per adult plus $162.50 per child, or 2% of any income above the tax-filing threshold, whichever is greater. So a...
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Gasoline prices are at their lowest level in four years. The price at the pump in many states is almost a full dollar cheaper than it was last spring. So some politicians think this is a good time to raise gasoline taxes. Several states are tired of waiting for Congress to fix the federal highway trust fund, so they're considering raising gas taxes themselves to address their crumbling roads. Michigan Gov. Rick Snyder is trying to sell that state's legislators — especially those in his own Republican party — on raising the state's motor fuel tax to fund long neglected...
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Now that calorie counts on restaurant menus are a done deal, it's time to take the next step toward slimming America's flabby waistline.. A national soda tax. I know, I know: This is the kind of nanny-state talk that causes seizures among conservatives and libertarians. It's an intrusion on personal freedom, a trampling of consumer choice, blah-blah-blah. It's also, as we've learned from taxes on cigarettes and alcohol, a highly effective method of influencing behavior that carries high social costs.
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Gas prices, on average, are about 50 cents less a gallon than a year ago, giving a de facto tax cut and providing relief to millions of consumers as the holiday season kicks into high gear. However, a growing number of politicians have suggested that, given cheaper fuel costs, conditions might be ripe to hike federal taxes on gas in order to help fund infrastructure projects. Rendell is one of those voices. He supports raising the federal gas tax—
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Tracking Miles As Gas Tax Alternative Raises Fairness, Privacy Concerns Los Angeles California officials are testing the idea of a mileage fee to replace the state tax of 36 cents per gallon of gas. By DAN WEIKEL Among those who would be hardest hit by a mileage fee are owners of hybrids and electric cars Standing at a Chevron station in Long Beach, Teresa Gutierrez wished she was pumping fuel into a gas-sipping hybrid instead of her hulking GMC Yukon. She was nevertheless cool to the idea that the state might start raising money for highway repairs by replacing the...
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[T]he suppression of the minority of exploiters, by the majority of the wage slaves of yesterday, is a matter comparatively so easy, simple, and natural that it will cost far less bloodshed… and will cost mankind far less. Lenin wrote this in The State and Revolution . In the end, 66 million people were killed in the USSR between 1917 and 1959: tortured, shot, starved, frozen or worked to death. This figure was calculated by Professor of Statistics I. A. Kurganov and quoted by Alexander Solzhenitsyn in The Gulag Archipelago . Others say that the figure is 45 million,...
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The Eric Garner Law. Ban cities from all of these absurd local taxes and creating the incentives that led to the arrest of a guy for selling loosies. Republicans can get behind it because it shows the overreach of tax laws and Democrats won't dare oppose it. All of these major cities are Democrat-run liberal bastions. What say you?
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RUSH: It just keeps happening. We go from the Michael Brown case to the Eric Garner case in New York, and once again it becomes necessary to sort through all of the disinformation that's out there and try to make sense of it. At the end of the process here, once again, we have a grand jury decision, which, in many sectors of the culture and society, is unacceptable and is thought to have been rigged and is thought to have been unfair. So the president of the United States has said that we are not gonna let up, he...
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Nationally averaged gas prices ticked down a little lower today -- yet again -- to $2.75 per gallon. They're now more than 50 cents lower than they were a year ago. So no wonder, at a time like this, the murmur is growing: Maybe Congress ought to think about raising the national gasoline tax. It was last raised, in the year 1993, to 18.4 cents per gallon. That's over 20 years ago, and gas prices at the time were close to the now unimaginable $1.00 per gallon mark. Yet the amount of the gas tax was fixed and not tied...
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Senator Rand Paul (R-KY) reacted to a grand jury's decision to not indict a New York City Police Officer in the death of Eric Garner by saying he was "horrified" by the video and blasting politicians for passing "bad laws" that "put our police in a difficult situation" in an interview broadcast on Wednesday's "Hardball" on MSNBC.
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Starting on January 1st some claim California drivers will start paying a new "Hidden Gas Tax." How much will you pay? We have a two part Special Report on Eyewitness News coming up tomorrow - Tuesday November 25th at Six and Eleven. When the story airs I'll send a link to Free Republic.
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It appears Lazard's investment banker Antonio Weiss' "help" in tax inversions is not 'unpatriotic' enough to scare President Obama off - as we suspect Weiss' bundling and donating help more than offset any ethical challenges. However, in a somewhat eye-opening financial disclosure, Bloomberg reports that Obama's nominee for undersecretary of Treasury for domestic finance, has between $54 million and $203 million in assets spread across various family trusts and his anticipated compensation in 2014 is between $5 million and $25 million. It's good to know the 'people' are well-represented once again in Washington...
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