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2006-05-20 Home Front Economy

Remove Federal Gas Tax on Alternate Fuels to encourge their production and sales.

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Posted by 3dc 2006-05-20 00:00|| || Front Page|| [5 views since 2007-05-07] Top

#1 Here's a novel extension:

Extend this to oil that's drilled for in the United States.

Currently the House just introduced a set of financial incentives to decreace the amount of new drilling in the US.

And yes, this ties into "alternate fuels" too. How are you going to get any large institutional investors to invest in any sort of grand alternate energy scheme when you're providing disincentives to local drilling and scapegoating anyone who does?

Posted by Phil 2006-05-20 11:46|| 2006-05-20 11:46|| Front Page Top

#2 Problem with US drilled oil is I didn't see how to tell the difference by inspection at the pump. It's easier to address that by other incentives.

Unfortunately our House and Senate appear to be populated by refugees from the "short bus".

Posted by 3dc 2006-05-20 12:47|| 2006-05-20 12:47|| Front Page Top

#3 The Highway Trust Fund is not raided by entitlements, if by entitlements you mean social security, medicare, welfare stamps, etc.

It does fund a lot of non highway projects, e.g., public transit, some historical preservation, wetland creation, landscaping, etc.

It also funds some awful projects (e.g., the Young/stevens bridge in Alaska).

However, if most of the fund does go to highway improvement.

Posted by mhw 2006-05-20 21:46|| 2006-05-20 21:46|| Front Page Top

#4 MHW - I deal with this every friggin day. The enviros got approval for the gastax funds to help pay for environmental mitigation. Guess what? Our "banked" acreage purchase cost doubled - due to big moneybags.

Posted by Frank G">Frank G 2006-05-20 22:33|| 2006-05-20 22:33|| Front Page Top

#5 Frank G.

Yes there are egregious cases of enviros blackmailing highway agencies into provided gold plated mitigation or requiring 4 acres created for every 1 acre taken.

Notwithstanding this, do you really feel both the fed and state gas tax should be repealed?

Posted by mhw 2006-05-20 23:58|| 2006-05-20 23:58|| Front Page Top

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