Euro
Senior Member
Why not increase the fuel taxes to pay for infrastructure and to improve state finances. The gasoline prices in USA are ridicoulously low. In UK and Germany they pay more in taxes pr. gallon than a gallon of gas in USA included fuel taxes.
All this talk about taxing the rich, why not put a 3$/gallon tax on gasoline instead? Is it really a need to have such low taxes on gasoline when USA is a net-importer of oil?
Increase the federal gasoline tax by $1 per gallon: The current federal gas tax is 18.4 cents per gallon, but the commission proposes to increase the federal gas tax, gradually and beginning in 2013, so that in 2020, it would be $1.18 cents per gallon. This would not only generate significant revenue but also reduce consumption of gas, reduce carbon emissions, and provide an incentive to automakers to increase the fuel efficiency of their vehicles. Projected revenue in 2020: $130 billion
By just increasing the fuel tax by 1$ the federal budget can have a revenue 130$ billon by 2020.
Last edited: