Trump considers raising the federal gas tax

[dcliberty]

Trump considers raising the federal gas tax (https://nypost.com/2017/05/01/trump-considers-raising-the-federal-gas-tax/)
https://nypost.com/2017/05/01/trump-considers-raising-the-federal-gas-tax/

[eleganz]

very curious first post. :monocle:

[Zippyjuan]

Trump considers raising the federal gas tax (https://nypost.com/2017/05/01/trump-considers-raising-the-federal-gas-tax/)
https://nypost.com/2017/05/01/trump-considers-raising-the-federal-gas-tax/

That was back in May. When asked he said he might consider it (not that he was seriously considering it) as one way to fund his $1 trillion infrastructure program but he seems to have abandoned the infrastructure idea completely (he only wanted to fund $200 billion over ten years or $20 billion as "seed money" anyways). Now with elections coming up, he is looking for ways to try to lower gas prices, not raise them. He has criticized OPEC and said he might release oil from the US strategic reserve to try to drive prices down- but they have been rising. Sanctions on Iran oil caused oil prices to rise. Gas prices tend to fall in the winter as travel demand drops and the less expensive "winter blends" are available.

https://www.chron.com/business/energy/article/U-S-Offers-11-Million-Barrels-of-Oil-as-Iran-13173696.php

https://ei.marketwatch.com/Multimedia/2018/08/28/Photos/NS/MW-GP116_aaagra_20180828164101_NS.png?uuid=ad215242-ab02-11e8-a767-ac162d7bc1f7

https://www.marketwatch.com/story/gas-prices-are-set-to-drop-as-summer-driving-season-ends-2018-08-29

[timosman]

That was back in May.

May last year. The new person is a no go? :cool:

[nikcers]

Trump considers raising the federal gas tax (https://nypost.com/2017/05/01/trump-considers-raising-the-federal-gas-tax/)


Trump considers raising the federal gas tax (https://nypost.com/2017/05/01/trump-considers-raising-the-federal-gas-tax/)

President Trump said Monday he would raise the federal tax on gasoline to pay for infrastructure improvements — and called the tax-overhaul outline he released last week only the beginning of negotiations.“It’s something that I would certainly consider,”

Trump told Bloomberg News (https://www.bloomberg.com/politics/articles/2017-05-01/trump-open-to-raising-gas-tax-and-negotiating-tax-overhaul-plan) in the Oval Office, “if we earmarked money toward the highways.”
Trump released a tax plan on April 26 (https://nypost.com/2017/04/26/team-trump-unveils-sweeping-tax-reform-plan/) that would cut the maximum corporate tax rate to 15 percent from the current 35 percent. The same reduced rate would apply to partnerships and other “pass-through” private businesses — such as his own sprawling real estate empire.

The plan also called for nearly doubling the personal exemption for individuals but eliminating deductions for state and local taxes.
The president told Bloomberg he was willing to surrender parts of the tax plan in negotiations with Congress but refused to specify which parts.
He also repeated his call for a “reciprocal tax,” which would be aimed at imposing levies on imports to match the rates that each country charges on U.S. exports.
“Everything is a starting point,” Trump said of his tax plan.

The Trump proposal also would eliminate the alternative minimum tax and the estate tax, cut individual income-tax rates and repeal an investment-income tax for high earners, fulfilling a conservative wish list from the past several years.
The one-page plan was silent on both a gas tax or the notion of a reciprocal tax. Trump said he has made no commitments on an increased gas tax but, “it’s something I would certainly consider.”

The federal per-gallon taxes of 18.4 cents on gasoline and 24.4 cents on diesel were last raised in 1993.
Since that year, revenue from the taxes has dropped because of inflation and that the average fuel economy of a passenger vehicle increased by 12 percent, according to the US Department of Transportation.
New York tacks on an additional 42.6 cents per gallon to the federal levy, while New Jersey and Connecticut add 37.5 cents per gallon.
https://nypost.com/2017/05/01/trump-considers-raising-the-federal-gas-tax/
welcome to RPF-

[dcliberty]

Your taxes pay for illegal immigrants, welfare, debt, war, curfews, gun bans, NSA wiretapping, checkpoints, forfeiture, the end to the right to silence, free speech bans, torture, kill lists, no fly lists, searches without warrants, private prisons, mandatory minimums, 3 strikes laws, DNA databases, CISPA, SOPA, NDAA, IMBRA, FBAR, FATCA, TSA groping, secret FISA courts, and Jade Helm.

http://truth-zone.net/forum/public-zone.html

[devil21]

That was back in May. When asked he said he might consider it (not that he was seriously considering it) as one way to fund his $1 trillion infrastructure program but he seems to have abandoned the infrastructure idea completely (he only wanted to fund $200 billion over ten years or $20 billion as "seed money" anyways). Now with elections coming up, he is looking for ways to try to lower gas prices, not raise them. He has criticized OPEC and said he might release oil from the US strategic reserve to try to drive prices down- but they have been rising. Sanctions on Iran oil caused oil prices to rise. Gas prices tend to fall in the winter as travel demand drops and the less expensive "winter blends" are available.

https://www.chron.com/business/energy/article/U-S-Offers-11-Million-Barrels-of-Oil-as-Iran-13173696.php

https://ei.marketwatch.com/Multimedia/2018/08/28/Photos/NS/MW-GP116_aaagra_20180828164101_NS.png?uuid=ad215242-ab02-11e8-a767-ac162d7bc1f7

https://www.marketwatch.com/story/gas-prices-are-set-to-drop-as-summer-driving-season-ends-2018-08-29

The $1T infrastructure plan hasn't changed. What wasn't mentioned is most of the funding would come from the states!

They did sell from the SPR, btw. 11m barrels in the last two weeks.

[opal]

https://images.duckduckgo.com/iu/?u=http%3A%2F%2Fi3.cpcache.com%2Fproduct%2F3364240 86%2Ftaxation_is_theft_225quot_button.jpg%3Fheight %3D630%26width%3D630%26qv%3D90&f=1

[oyarde]

Your taxes pay for illegal immigrants, welfare, debt, war, curfews, gun bans, NSA wiretapping, checkpoints, forfeiture, the end to the right to silence, free speech bans, torture, kill lists, no fly lists, searches without warrants, private prisons, mandatory minimums, 3 strikes laws, DNA databases, CISPA, SOPA, NDAA, IMBRA, FBAR, FATCA, TSA groping, secret FISA courts, and Jade Helm.

http://truth-zone.net/forum/public-zone.html

I no longer pay tax so put me down as a non participant .

[oyarde]

Later this winter I may consider some new user fees for Danke , however these can be avoided if he buys me a case of beer and some ammo.

[timosman]

Your taxes pay for illegal immigrants, welfare, debt, war, curfews, gun bans, NSA wiretapping, checkpoints, forfeiture, the end to the right to silence, free speech bans, torture, kill lists, no fly lists, searches without warrants, private prisons, mandatory minimums, 3 strikes laws, DNA databases, CISPA, SOPA, NDAA, IMBRA, FBAR, FATCA, TSA groping, secret FISA courts, and Jade Helm.

http://truth-zone.net/forum/public-zone.html

Who is this nutcase? :confused:

[dcliberty]

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And
if it stops moving, subsidize it.

https://redguardsaustin.com/t/whatever/new/