...the price at the pump has fallen in the last three months by more than a dollar to about $2.20 per gallon. As a result, some in Congress are talking about a 10- or 20-cent hike in the federal tax to use for infrastructure spending. Right idea, wrong policy. The hike should not be 10 cents but $1...Krauthammer then suggests countering this tax by decreasing the Social Security tax, which he considers a "disincentive for work." I disagree on that, and would use the windfall funds for infrastructure improvements in the roadways and bridges used by the drivers paying the tax. Those funds need to come from somewhere, and the repairs can't be postponed indefinitely.
We’ve blown this chance at least three times since the 1980s. As former French foreign minister Jean François-Poncet said a quarter-century ago, “It’s hard to take seriously that a nation has deep problems if they can be fixed with a 50-cent-a-gallon” — 90 cents in today’s money — “gasoline tax.” Let’s not blow it again.
09 January 2015
This would be a good time to raise the gasoline tax
It's very seldom that I agree with opinions expressed by Charles Krauthammer, but I do agree that state legislators should be raising the gasoline tax during this nadir in fuel prices.