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GasTax
States Raising Taxes to Cover Recession Shortfalls
By Emily Miller - Politics DailyThe recession has forced some states to raise taxes -- both personal income and sales -- to make up for budget shortfalls. In the first half of 2009, 10 states made major changes to personal income-tax rates, most of which are retroactive to Jan. 1 of this year. ...
Less Driving, More Efficient Cars Could Cost Consumers at the Pump
By Mark Impomeni - Politics DailySo much for doing what the government recommends. A commission created by Congress to study the way the nation's highway system is funded is set to issue a report later this month calling for an increase in federal gasoline and diesel fuel taxes to pay for road and bridge improvements. According to the report, the increase is needed to make up for a shortfall in revenues from the existing fuel tax. That shortfall is due to American drivers consuming less fuel and driving more fuel efficient cars and trucks. Less driving and greater fuel efficiency means less fuel purchased, and less taxes ...
'Gas Tax Holiday' Dies a Quiet Death
By Denise Williams - Politics DailyIt may have been a popular primary campaign promise, but the reality of a summer gas tax holiday never held much water with economists or legislators not running for president. In fact, due to a shortfall in federal highway construction funds, conversations are underway to increase the tax to forestall massive construction job layoffs. Lawmakers, for the most part, could not be convinced to add $9 billion to the expected shortfall by considering the tax holiday. The AP reported last week: The chairman of the House Transportation and Infrastructure Committee, Rep. James Oberstar, and the ...
'Global' - New McCain Ad
By Greg McNeilly - Politics DailyJohn McCain's campaign released a new TV spot to air in key battleground states. The :30 spot is titled "Global." ...
'What's Happened' - New Clinton Ad
By Greg McNeilly - Politics DailyHillary Clinton's campaign has released a devastating ad aimed at Barack Obama titled "What's Happened." The :30 second ad is airing in both Indiana and North Carolina. ...
Indiana Superdelegate Defects to Obama
By David Knowles - Politics DailyBack in 1999, Indiana superdelegate Joe Andrew was appointed leader of the Democratic National Committee by none other than Bill Clinton. But today, Andrew will formally announce that he is switching his support in the current presidential campaign from Hillary Clinton over to Barack Obama. Moreover, he is urging his fellow Hoosiers to do the same and vote for Obama in the May 6th primary. On his decision, Andrew told the AP:"He [Obama] has shown such mettle under fire. The Jeremiah Wright controversy reconfirmed for me, just as the gas tax controversy confirmed for me, that he is the right ...
Holiday Gas Pandering
By David Knowles - Politics DailyHillary Clinton and John McCain think that a "gas tax holiday" is a great idea. Barack Obama, on the other hand, sees the proposal as nothing more than a gimmick designed to pander to voters in an election year. Obama:"That's typical of how Washington works. There's a problem: everybody's upset about gas prices. Let's find some short term, quick fix. That we can say we did something, even though we're not really doing anything. Because if you actually took away the gas tax, what are the oil companies going to do? They're gonna raise your gas by 5 cents. You'll never see the savings. And then ...
McCain's First Economic Salvo: No New Dues!
By Justin Paulette - Politics DailyTax: the "ugliest word in the English language." So argues today's amusing, though vacuous op-ed in the New York Times, which counsels Democrats to abandon the word "tax" in favor of some less despicable nomenclature, such as "dues." Amusingly, the author believes - in typical liberal fashion - that while the public foolishly oppose taxes, they would readily accept the idea that they owe dues for all the wonderful work done on their behalf by government. While the op-ed provides commendable commentary on the just and patriotic activity of public cooperation for social benefit, the assumption ...
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