Democrats will propose eliminating federal gas taxes for sixty days?

Talk Radio Daily ^

[talkradiodaily]

Isn't this like Republicans working to grow Federal bureaucracy? Oh, wait. Never mind.

[Uncle Hal]

I do not believe it for a second. There has to be a catch to it. I smell a Trojan horse somewhere.

[isrul]

Well, inept pretty much describes the congressional majority.

[American_Centurion]

Whatever.... in a year they will be hawking to double income tax because of the revenue they lost for "highway funds" during the suspension.

No thanks. When Dems start "helping", you better be watching your backside, because when you bend over they'll give you something you thought only happened in prison.

[RobbyS]

That's all right. They expect to reinstate it next year, after they take over Congress and make it higher.

[Onelifetogive]

Well, inept pretty much describes the congressional majority.

Not all of them are inept.....some are criminal!

[Coldwater Creek]

What you are going to see is long lines at the pump.

Everyone should just learn to conserve and make some sound financial choices.

[1Old Pro]

Please post the source.

This is from a blog, kinda like saying here's a headline I just read ( just after I wrote it)

[isrul]

I don't know and I don't care. I just know it's something that should be done and the states should follow suit. Next, a moratorium should be placed on all the designer mixes for different areas. You know, there is a chance Bush might oppose the tax rollback.

[FlipWilson]

Oh come on now, don't buy this. The devil is in the details. The proposal will probably be something like: Reduce the gas tax for lower income workers (you know, the one's who don't work/don't pay income taxes). They can apply for a rebate (read welfare) when they file their tax returns. It will just be a shifty way for the dems to work in a new wrinkle to the EIC.

[demkicker]

Any politician who couldn't use the current oil prices to push through ANWR and off-shore drilling is inept!

NO KIDDING! Never mind that Fidel Castro is off-shore drilling in Florida's backyard, but nooooooo, we can't even do anymore off-shore drilling, period. It's as if Bush has been given a great opportunity on a silver platter, but refuses to take advantage of it. He may as well be neutered.

[Old_Mil]

Market forces allocate scarcities and higher prices, which indicate demand outstripping supply, reduce consumption and bring those forces back into balance.

Price elasticity of demand is measured as the percentage change in quantity demanded that occurs in response to a percentage change in price. For example, if, in response to a 10% fall in the price of a good, the quantity demanded increases by 20%, the price elasticity of demand would be 20%/(− 10%) = −2. (Case & Fair, 1999: 109).

In general, a fall in the price of a good is expected to increase the quantity demanded, so the price elasticity of demand is negative as above. Note that in economics literature the minus sign is often omitted and the elasticity is given as an absolute value. (Case & Fair, 1999: 110). Because both the denominator and numerator of the fraction are percent changes, price elasticities of demand are dimensionless numbers and can be compared even if the original calculations were performed using different currencies or goods.

An example of a good with a highly inelastic demand curve is salt: people need salt, so for even relatively large changes in the price of salt, the amount demanded will not be significantly altered.

Similarly, a product with a highly elastic demand curve is red cars: if the price of red cars went up even a small amount, demand is likely to go down since substitutes are readily available for purchase (cars of other colors).

As people cannot easily move from one residence to another, move from one job to another, or easily change vehicles oil has an inelastic demand curve.

[blaquebyrd]

"Any politician who couldn't use the current oil prices to push through ANWR and off-shore drilling is inept!"

I agree. The only problem with this president pushing it through is that his very own brother, Jeb and a republican senator, Mel Martinez are totally against it. Personally I think they are both wrong on drilling off the coast of Florida but the majority of republicans in this state would side with them. That's why I use the bully pulpit, fly down to Florida and hold a forum asking Floridans why they are against support their country in a time of war when it comes to oil resources. Now is the time when the country would back him and it would shine a much needed spot-lite on the NIMBY RINOs.

[Dosa26]

"If ponies rode men and grass ate cows,

And cats were chased into holes by the mouse...

If summer were spring and the other way round,

Then all the world would be upside down."

[Muleteam1]

>>At these prices you want to cut demand so dropping the price will only aggravate the problem and take it even higher.<<

Bingo! Everyone keeps talking about gasoline being at its market value but on the other hand believe that cutting taxes will somehow save consumers money. The only ones who will benefit from removing part of the cost of getting gasoline to the nozzle are the oil shareholders because gas will again seek its market value. That is unless we have been lied to all along and gasoline is overpriced. Hmmmm.

Muleteam1

[capydick]

I don't know and I don't care.

Me either. If Frist and Hastert had a backbone they would have suggested this instead of investigations.

You know, there is a chance Bush might oppose the tax rollback.

Wouldnt surprise me.

[rellimpank]

--and then repeat for the California coast--

[montag813]

Wonder what they will say when the GOP ups it to 6 months.

You are going to see incresingly desperate move out of D.C. as the elections move closer.

[Trust but Verify]

There is a catch. They will offset the reductions in gas tax with reductions in tax credits to oil companies. Which on the surface doesn't sounds terrible, but who knows what that does in reality.

[Txsleuth]

They want to pay for the "tax cuts", by taking away the tax cut incentives they give to the oil companies...

which means the oil companies will have to add what they will be losing, to their product I would imagine...

AND, like has been stated....the demand will go UP...which will mean shortages...because cutting into the money oil companies have...will slow down their repairs to the refineries in the Gulf of Mexico..that are still down from Katrina...

just a few observations...

[hosepipe]

[ Democrats will propose eliminating federal gas taxes for sixty days? ]

ONLY because they(democrats) know the bill has not a chance of succeeding.. Pretty smart..

REALLY smart would be republicans JUMPING ON this band wagon and pushing it down their throats.. and jumping up and down on "it" to pack it in.. And THEN proposing to make it PERMANENT..

ALL Federal, State, County, and local TAXES on ANY KIND ENERGY should be illegal.. whatever illegal means.. What illegal means is up in the air these days..