Posted on 01/22/2021 10:28:15 AM PST by rktman
Transportation Secretary nominee Pete Buttigieg suggested raising the federal gas tax in order to fund infrastructure initiatives during his confirmation hearing Thursday before the Senate Commerce, Science and Transportation Committee.
Republican Florida Sen. Rick Scott asked the former South Bend mayor if he would favor a federal gas tax increase to pay for the Highway Trust Fund. The fund is mostly financed by revenue from federal gas taxes but has become less financially solvent in recent years, according to the nonpartisan Tax Policy Center.
“Well, I think all options need to be on the table,” Buttigieg responded. “As you know, the gas tax has not been increased since 1993, and it’s never been pegged to inflation. And it’s one of the reasons why the current state of the Highway Trust Fund is that there’s more going out than coming in.”
(Excerpt) Read more at dailycaller.com ...
The new tax bill is right up Pete Buttigieg alley it’s the SITT bill (stick it to them).
Uber and Lyft drivers will probably be out of business soon.
5.56mm
Mayor Buttplugg's ... Buttplugg ..hehe
If the average driver uses 700 gallons of gasoline per year and the average fuel tax (combined State and Federal) in the U.S. is about $0.55/gallon, then the average motorist in the U.S. is paying less than $400/year in fuel taxes. Even if you add another $250-$300 for motor vehicle registrations, sales tax on fuel (where applicable), etc., you are looking at no more than $700/year in fuel taxes for the average motorist.
Compare that to what you pay in Social Security and Medicare taxes, and compare it to the exorbitant budgets for your local school district. Compare the $45-$50 billion per year in the FAST Act transportation bill to the staggering amounts of money the U.S. government spends on things like Social Security (more than $1.1 trillion), Medicare ($720+ billion) and Medicaid ($450 billion).
Much of the U.S. has a third-rate highway system because -- to be frank -- that's all we really want.
Wonder how a rising tax on Vaseline petroleum jelly would go over in his community
I would imagine most of the incoming are the people fleeing the even worse run place of New York City/New York State.
I had an interesting conversation with a friend of mine recently. Their philosophy was stay in Connecticut, don’t give up and keep trying to fight to eventually flip the state. Well I agree that is a noble idea, At some point, you need to take into account the personal and financial impact Connecticut to miss management has on you. If you have kids, a stable job, etc. It may not make sense to move for the sake of your kids, but if you don’t have kids/or they are grown or you do not have a great job and better opportunities exist elsewhere, at this point the better choice is to leave Connecticut in my opinion.
When they add a mileage tax to the gas tax will they also outlaw rear ending?
Falls apart though when the car is driven only 5000 mikes a year like my EV. I use one of my gas cars for longer trips. The EV is merely a toy. So, the $220 in GA I pay is punitive. Also don’t forget I do pay taxes on the electricity as well for charging.
Miles
Connecticut Senate Leader Martin Looney Pushes New Property Tax
Sen. Looney files bills for statewide property tax, capital gains surcharge - Yankee Institute
Looney is a POS, as are *all* democRATs.
Can't wait to see The People's Republik of Connecticut in my rear-view mirror for good someday.
Thanks.
The 300K personal property tax exemption covers almost all the properties in my rural area.
It sounds like they are working hard to scare the wealthy out of the state—which of course just makes the fiscal situation worse.
Yep. But *somehow* the democRATs never seem to understand that, do they?
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