Congress Should Vote To Temporarily Rescind the Federal Tax On Gasoline.

8/22/05 | moose2004

[moose2004]

Gas Prices Are Too High, And Home Heating Oil Is Next.

[moose2004]

The federal government collects $.184 cents for every gallon of gasoline pumped in the US, which amounts to over $50 billion dollars a year in revenue. Congress should vote ASAP to temporarily rescind this tax. State governments who can afford to should follow suit, but this will be difficult for most of them as State taxes on gasoline are one of their prime sources of revenue. While this suggestion is by no means a solution to the problem of rising oil prices, it could help to temporaily alleviate some of the pain we are all feeling at the pump. Also, with winter right around the corner, those of us who heat their homes with oil are going to get hit twice as hard.

[oldleft]

Needs a vanity tag.

[Kurt_D]

Well... I would love to see less taxes, but... now it's time to focuse on cutting spending. The problem here is that congress is unwilling to curb spending!

[newgeezer]

ping

[ItsOurTimeNow]

True, that might work.

But, the American people can also do their part and actually conserve. You know, make do with less? I know it's a concept that hasn't largely been advocated for decades, but it just might work.

[NC28203]

No, the federal gas tax is fixed at 18.4 cents per gallon.

[Let's Roll]

Of course they should but they would rather hold their biennial hearings on price fixing by BIG OIL - you know, the "investigation" that never results in anything except headlines and tv face time.

[moose2004]

Thank you for verifying that figure.

[HarleyLady27]

You mean the Iraq war isn't for oil?

Why I thought that is why we went into Iraq....where's the lower priced oil then? (sarcasm on!)

[Rebelbase]

"But, the American people can also do their part and actually conserve. You know, make do with less? I know it's a concept that hasn't largely been advocated for decades, but it just might work."

For the most part, people paying cash at the pumps are already doing that. IMO, it's those who put it in the credit card and pay the minimum balance each month are the ones how haven't changed their habits yet. When they max out the card, then they'll change.

[BigTex5]

Living in Texas myself, I've often wondered why people up north use oil to heat their homes. What is the difference between using natural gas (like we do) and oil up there?

[moose2004]

Well said.

[Mr. Lucky]

Is there any other aspect of the law of supply and demand you would like Congress to repeal?

[thoughtomator]

Junkies should temporarily stop getting their fixes too.

[Mike Darancette]

Fuel oil not gasoline.

[Clock King]

If liberals would stop frothing at the mouth over GWB for day, they could become real opposition party again. The war was never about oil or Halliburton. It was about military positioning. We (the US) HAD to get out of Saudi Arabia. But we must maintain military presence and power in the Mid-East. We needed a scapegoat to make that happen and Saddam provided it.

[RightWhale]

The government tax is a percentage, not a fixed amount

Do you have the formula handy? It is probably complicated.