$4 a gallon gas
You may see the dreaded $4 per gallon gas mark reached sooner than you think -- because they're considering raising the gas tax to fund highway projects.
A U.S. panel created to recommend ways to fund road construction plans to propose that federal gasoline taxes rise as much as 40 cents per gallon over five years, a person with direct knowledge of the plan said.
The group will suggest that the current tax of 18.4 cents per gallon increase by 5 cents to 8 cents annually and be indexed to inflation after the five years, said the person, who didn't want to be named before the report is made public.
The panel, called the National Surface Transportation Policy and Revenue Study Commission, is scheduled to release its recommendations including the federal fuel-tax increase Jan. 15 in Washington. Congress created the panel in 2005 for the purpose of issuing the report.
So, up to 40 cents more per gallon in five years and they want to index it to inflation?! So that as gas gets more expensive, so does the tax? The Congress never indexed the income threshold on the Alternative Minimum Tax to inflation -- so now it catches hundreds of thousands of those in the middle class without an annual "patch" -- but they want to index a gas tax?
Oh yes, Democrats please run on this. Please. Please. You wanna see a butt-whoopin' run on supporting this panel's recommendation.
Oh, and that's not all of their recommendations.
The commission will also recommend that state fuel taxes rise by an amount slightly larger than the federal increases, according to the person. The U.S. tax on gasoline was last boosted in 1993, by 4.3 cents a gallon.
Can you say 80 cents a gallon? And don't forget that states like California levy a sales tax on top of the gas tax.
Sorry, but this doesn't have a snowball's chance in H-E-double hockeysticks, especially with Congress' earmarking predilictions still running at warp speed.
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Then they will take the money and spend it on anything but road improvements. So, can we sue them for the pollution caused by the abject failure to build enough roads to support our needs?
These people need to be reminded that they work for us. They can and should be replaced.