FORTUNE: A gas tax in America's future
Oil is no gasGas tax. Gas tax. Gas tax.
No one really likes the idea, yet the call for a gas tax is growing louder.
So far, Barack Obama has been against the idea, but Fortune's Alex Taylor suggests it's one of the critical issues that Obama can seize upon to have the greatest impact on the auto industry of anyone since Henry Ford. Now, that's saying a lot.
Likewise, another Fortune article has Paul Foster, the chairman and CEO of El Paso-based Western Refining, also calling for a new gas tax. In fact, he suggests a gradual increase of up to $2.00.
One might expect gas tax calls from liberal organizations, but when oil men and conservative business magazines start advocating a gas tax, you have to accept that it just might happen.
Labels: gas tax
posted by Dahcredyns at
10:28 AM
3 Comments:
How much money would a National gas tax generate?
California has had one for years, we pay on average 30 cents more per gallon than most other states
OWG-
Well it depends on the tax, but Americans travel several trillion miles per year. Our real world fuel economy is probably pretty pathetic - maybe 20 mpg. Several trillion divided by 20 times your new tax is either tens of billions or even hundreds of billions per year.
Again depending on your tax.
If you scale up to $1.00 or $2.00 over time, you're talking a lot of money.
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