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Location: Ames, Iowa, United States

Sunday, August 28, 2005

Gas Tax Dollars Down

This piece about the loss of gas tax revenue in several states has me thinking that the legislatures, as usual, were short sighted in their failure to make greater efforts to reduce the price of gasoline.
Anyone with half a brain knows that as any item goes up in price, the demand for it will drop. Sometimes that has residual consequences, like the loss of the tax revenue that is built in to every gallon of gas we comsume.
It reminds me of when that stupid "luxury tax" was passed, back in the 1980's. When cars and boats priced higher than $30K had a special tax added to their cost, it hurt the car and boat industries, as people stopped buying those types of things. Congress had to repeal the tax, as it was putting some companies out of business.
Until we elect members of Congress who have brains, we will suffer similar ignominies.

I'll be back

CC

1 Comments:

Blogger Bill Adams said...

Veteran's Day is November 11th and I hope that EVERY American will be flying the flag in honor of our troops fighting in Iraq and around the world to preserve our freedoms!

I can even tell you where to get one for free! Visit AmericanFlags.com right now and they'll send you a FREE American Flag. These flags were $19.99, but now they are FREE. You pay just for shipping/handling and they'll ship one to your door. (Actually - I've ordered more than 20 from them to give to my neighbors, as gifts, etc!)

Get your free flag now: **FREE AMERICAN FLAG**

Semper Fi!

Bill Adams

31 October, 2005 10:14  

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