15 July 06 - 15:49Increase the Gas Tax
During this time of record-high gas prices, you might think that increasing gas taxes is the last thing we would want to do. Rather than increase gas taxes, you might say, we should decrease or repeal federal, state, and local gas taxes. There are many arguments for decreasing gas taxes. Some say that a decrease in taxes and a subsequent lowering of gas price will improve our economy by making it cheaper to transport goods. Others say that the lower prices induced by a gas tax decrease will result in increased wages as employers have additional income to give to their employees. Some say that a decrease in gas taxes will result in both of the above conditions and create an economic boom. However, poor evidence exists for all the arguments to decrease gas taxes. On the other hand, there is substantial evidence that increasing federal, state, and possibly local taxes will improve our way of life. (more)Chris - default - No comments / one trackback - § ¶