The problem we are facing right now is that we are approaching the wrong side of the Laffer Curve in gasoline taxes. Raising the gasoline tax is likely to result in LESS revenue in many states, as people drive less, buy more fuel-efficient vehicles, or buy electric cars that don’t use any gasoline at all.
Thank you... I was wondering where that critical balance was going to happen. There is such a thing as “running off all your customers with pricing” and actually losing revenue in the long run.