…if it’s the last thing we do. Illinois Sen. Dick Durbin supports an increase in the gasoline tax:
Senate Minority Whip Dick Durbin (D-Ill.) says he thinks “now is the time” to raise the gas tax, which hasn’t been touched by Congress in over 20 years.
“I think now is the time to do it, but we ought to do it in a thoughtful way,” Durbin said on Wednesday.
Short of a tax rebate system, any implementation of a gas tax is regressive and even with a tax rebate system it will have a tendency to be regressive.
The U. S. economy is closely tied to the price of oil. While I realize that governments are greedy for revenue, their best way of securing it is through a strong and vibrant private economy. At this moment in history raising the gas tax would be an error and it would be an error that would fall hardest on those least able to pay.
Short of a tax rebate system, any implementation of a gas tax is regressive and even with a tax rebate system it will have a tendency to be regressive.
Not to mention administering the rebate system would cut into the revenue generated, plus provide more opportunities for Congress to screw with things.