We all love to see high fuel prices, right? Well, some of us might, but the majority of us would rather not pay through the roof for a gallon of gas. There's definitely a consensus that high gas prices are good for the environment in many ways, but few of us are willing to foot the bill to help out Mother Nature's cause.
The idea of implementing a gas tax is becoming as regular in the national debate as the seasons. Those in favor: the Wall Street Journal and Bill Ford, Jr. Those opposed: John McCain (remember him?). New York Times columnist Thomas Friedman brought the debate back this weekend in his latest column, which calls politicians out for their wimpiness for not dealing with energy issues – including nuclear power and, yes, a big huge gasoline tax – in any serious way. Friedman found an energ
Yesterday, we asked where government spending for plug-in hybrid conversions is at? In the discussion that followed, some readers said they preferred to see higher gas taxes instead of a move by the government to take sides and try to figuring out which technology would best help us move off of gasoline. We've heard support for a higher gas tax from executives at Ford and AutoNation, and the Wall Street Journal says bumping up the taxes are one way to save GM.
Slapping a few dimes' worth of tax onto each gallon of gas we buy at the pump hasn't been the most popular idea in Washington. Sure, some elected representatives have called for a higher gas tax in the past, but more often than not the idea dies on the vine. There is a chance that things will be different now that one of the biggest opponents to a gas tax increase, General Motors (through CEO Rick Wagoner), has given the idea a sort of blessing. Wagoner said yesterday that a federal gas tax that
Executives of large companies by and large tend to skew toward the more conservative side of the political spectrum and generally eschew increased taxes on anything. However, a growing handful (see here) seems to be coming to the same realization of late, a realization that completely escapes most politicians: cheap gas is bad for America, especially if we want the country to move to more efficient, lower emitting vehicles.
In recent weeks, as the price of crude oil and refined gasoline have continued to decline from their summertime highs, an increasing number of people have been jumping on the gas tax bandwagon. Many analysts and pundits have come out in favor of a tax to keep fuel prices high and encourage the use of more efficient vehicles. Two segments however, have been notable by their silence: politicians and the oil industry. I wouldn't expect any spineless politician to actually come out in favor of taxin
Can you hear that? Those are the war drums, and more and more of them are beating the same tune: bring on the gas tax. An editorial in The Gray Lady is the latest and arguably the weightiest to join the shock troops advocating for higher gas prices. The writer proposes a fluctuating consumption tax that would keep gas at least $4 per gallon in 2008 dollars, while an economist suggests a sliding tax on the price of a barrel of oil to achieve the same effect.
Now that gas is once again (relatively) cheap, there's a renewed sense that adding a higher tax on each drop of petroleum might be a wise plan. It's often suggested that revenues from a higher gas tax are necessary to keep America's vast roadways in good working order, but some believe that there might be other uses for these taxpayer funds. For instance, we are all well aware by now that the Detroit-based automakers are losing money much faster than they are taking it in, which has led the Feds
Darryl Siry has never been shy about expressing his opinions. Since departing from his post as chief talking head and salesman at Tesla Motors, Siry has been freed up to share his thoughts even more vociferously and with greater frequency on his personal blog and his latest post is sure to anger many people. With gas prices down to $1.86 in Siry's San Francisco neighborhood (and even lower here in Michigan where I saw one station today at $1.49) he tackles two of the most controversial topics am
As you may have noticed when filling your tank, the plan for a gas tax holiday put forward by presidential candidates from both party brands, never came to fruition. The idea had been suspend an 18¢ per gallon federal tax on fuel from Memorial Day to Labor Day. Of course the fact that this would have saved average drivers a whopping $28 had little if anything to do with the lack of movement on bills from both Democratic Sen. Hillary Clinton and Republican Sen. John McCain. It turns out the
One of the most contentious issues in the discussion of how to wean ourselves off oil is fuel taxes. In spite of the campaign contributions that politicians get from car makers, when push come to shove on efficiency they get the short end of the stick. That's because in this country almost any politician that even hints at raising taxes on anything will get crucified by anti-tax lobbyists. So even though higher fuel prices (through taxes) will drive demand for more efficient vehicles, politician
Nobody likes taxes. Nobody likes high fuel prices. Combine the two and what do you get? Even higher fuel prices, which nobody likes. This might all seem rather obvious, but it is still relevant considering that there are movements to place higher taxes on gas for a variety of reasons. While many agree that drastic measures may need to be taken in order to wean the American people off of foreign oil, questions remain on just how to do that. Biofuels are an option, but there are significant drawba
Ford CEO Alan Mullaly came out publicly in favor of new fuel taxes in place of fuel economy standards as a way to reduce fuel consumption. At the Management Briefing Seminar in Traverse City MI this week he called CAFE a failure that has done nothing to reduce American dependence on foreign oil or greenhouse gas emissions. Instead he said that Congress should give consideration to Rep. John Dingell's (D-MI) recent gas tax proposal.
If you've ever driven on Michigan roads you know that they are just about the worst in the United States. Crossing the Ambassador Bridge from Detroit to Windsor is like night and day when comparing the condition of the pavement. Unfortunately, the Michigan economy has been hit so hard by job losses and negative real income growth in the past few years that, when combined with tax cuts, the state has been unable to fund improvements. A new campaign called Drive MI spearheaded by local and county