UPCOMING GAS TAX, ???

[NY Bearhunter]

TIME TO BUT THAT NEW PAIR OF WALKING SHOES...



Congress Faces Tough Decisions on Gasoline Tax
The tax that helps support our transport infrastructure, set to expire in September, hasn't been adjusted for inflation in 18 years.

As Reuters reminds us, Congress will have to deal with the gasoline tax this fall. The levy, which produces several billion dollars in government revenue annually, is approximately 18.4 cents for every gallon of gas sold. The proceeds help maintain our roadways and now-crumbling infrastructure. Set to expire on Sept. 30, just after Congress returns from recess, the tax isn't indexed for inflation and hasn't been adjusted in an astonishing 18 years. So you can see why we are a bit concerned over its renewal.


There are a handful of possible outcomes here. First, Congress could postpone the decision, temporarily extending the tax's expiration deadline. Second, it could simply reinstate the current tax, keeping the 18.4-cent rate in spite of the fact that much of our road network is falling apart. And third, it could abolish the federal tax altogether, letting individual states determine how much to collect at the pump.



Wait for it -- yep, there you go. That sound you just heard, that sudden, distant rumbling? That's the sound of a nation of drivers recoiling in horror.

[seapower]

Hate to say it, but us Carolina folk's are already used to it. No need for the KY down here!!!! Frank

[clt_capt]

The better question is how long will it take Congress to authorize a tax? Sounds a whole lot like the FAA reauthorization.... They screwed that pooch...