General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI think the gasoline tax holiday is a bad idea. This tax pays for a lot of infrastructure projects
and jobs that Biden was able to get through Congress. Plus any money taken from Federal coffers means something is not being paid for. In addition, when the taxes are put back on, the Republicans will say that Dems are raising taxes.
A better idea, to me, would be to impose a windfall profits tax on excess profits since the month before Putin invaded Ukraine. I say a month before because I believe the oil companies and others had a heads up on what Putin was doing. The windfall tax would remain in affect until oil producers were back up to pre-COVID production.
I know the oil companies are using the excuse that they lost money during the pandemic but their loss was mostly from more record profits. They never encountered a REAL loss like almost every other business. They were at record profits before, during and now after the pandemic.
Don't bail them out by robbing Federal coffers just so they can keep their obscene profit margins.
gratuitous
(82,849 posts)On a 10 gallon fill up, you'd save less than two bucks.
Lars39
(26,116 posts)Its never a good idea
Turbineguy
(37,367 posts)they'll buy gas just to screw the gubmint.
FoxNewsSucks
(10,435 posts)Oil companies will just jack up the price because they can and take the money for themselves.
At least the gas tax pays for things for the public instead of just adding to record profit.
Jerry2144
(2,111 posts)Drop the taxes and the price at the pump will not go down a single penny. That tax money would go into the oil company pockets
Mr.Bill
(24,319 posts)to make sure the reduced tax gets passed on to the consumer. A few years ago a six cent tax on gas expired in California. The prices at the pumps came down about two cents if that.
walkingman
(7,662 posts)The people that hate Biden/Democrats will just use it as ammo in their nasty fascists minds to portray the Democratic Party as unable to govern.
The gas tax thingy will only reduce gas prices maybe 15-20 cents which is meaningless and the student loan thingy will create a lot of anger, some justified, by people that either didn't get loans, paid their way, or didn't go to school because of the expense. Unless the cost of education is somehow moved away from a profit (god forbid) the next class will just be back in the same old "Amerikan" hole.
The Democrats have to push our ideology which is a clear contrast to the GOP - we are not crazy, we are not nasty, we care about all people, and we are not beholden to the 1%.....unless that happens then things will just continue to deteriorate in the once great nation.
roamer65
(36,747 posts)A 60 percent tax on them.