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Tag Archives: gasoline taxes
California Drivers Cut Gasoline Use. Tax Revenues Hurt
Because of the recession, increases in California’s sales taxes and more fuel efficient vehicles, among other variables, taxable gallons of gasoline used in California – at 14.7 billion gallons in 2011 – was at the lowest level in more than a decade, a declining trend that has been going on since 2005. Politicians with their insatiable need for more taxes are concerned, which means hang on to your wallet as they figure out how to make you pay more for using less gasoline. Continue reading
Senate Dithers as Highway Trust Fund Goes Broke
During a hearing today in Washington, Democrats and Republicans postured over President Barack Obama’s proposal for a six-year, $556 billion highway bill with none of the partisans suggesting how it will actually be paid for.
This ducks the real issue of the ongoing decline in highway trust fund revenues that built the interstate system during the 1950s and contributed to what was then a booming American economy. Continue reading
Posted in auto news, fools 'n frauds, people, transportation
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, boxer, budget, deficit, gasoline taxes, highway trust fund, inhofe, Ken Zino, roads, taxes, zino
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