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How about we make the scumbags that created this deficit pay it back< By: capt_nemo in WRGO | Recommend this post (0)
Thu, 29 Nov 12 7:03 AM | 80 view(s)
Boardmark this board | Reality news,,,,,,,,

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why is it, the taxpayer is suppose to make all this chit right?? If it was fair and a needed rise in deficit, I suppose, BUT, I really don't see where WE created this chit. Maybe I am wrong,,,,,,but I think not.


NEW YORK (CNNMoney) -- As lawmakers race to negotiate a deal to avoid the fiscal cliff, some experts say one tax increase should be on the table: a gas tax hike.

Currently at 18.4 cents a gallon, the federal gas tax is used primarily to build and repair roads, bridges and other transportation infrastructure. The tax raises about $32 billion a year.

But that's not enough. The government hands out about $50 billion a year to states and towns to help with road costs. The difference comes out of general funds or has to be borrowed. Meanwhile, the gas tax hasn't been raised since 1993.

"Establishing a sustainable resource base for transportation needs to be part of any grand bargain," said Emil Frankel, a former transportation expert in the George W. Bush administration and now director of transportation policy at the Bipartisan Policy Center. "In the short run, raising the gas tax is the best way to do that."

Raising the gas tax was one of the recommendations of the Simpson-Bowles debt reduction plan in 2010. The plan called for a 15 cent-a-gallon hike to the gas tax, a level that would basically cover the current shortfall in the transportation budget.

Others went further. In a 2010 letter to the commission Delaware's Democrat Senator Tom Carper and former Ohio Republican George Voinovich proposed a 25 cent-a-gallon hike in the gas tax, with the additional 10 cents a gallon going toward debt reduction. The pair estimated it would generate $83 billion over five years to chip away at the debt, and an additional $117 billion for road repairs.

Related: Fiscal cliff tax deal -- getting to $1 trillion

But not everyone is convinced a gas tax hike is the way to go.

The gas tax is politically unpopular, mostly because it's regressive -- meaning it hits the poor more than the rich. It's also regionally biased. Most big bridges and highways are near cities, yet those in rura

http://money.cnn.com/2012/11/28/news/economy/gas-tax/index.html?iid=HP_LN




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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