“the annual savings with the gas tax holiday will be 464X0.185=$85 or $7 per month and for 3 months of summer $21
SO where is the true economic benefit to the gas consumer?”
I sold enough Toyotas to get my own dealership.
I know what a ‘reduction to the absurd’ close looks like. I have used it hundreds of times. It won’t work on me and I’m not letting you change the subject.
The real benefit comes from that 7 bucks multiplied by the 200 million or so drivers. That is another 1.4 BILLION added back into the economy. Then there is the trickle down effect. All those business that need fuel to get their product to market will be saving that 18.5 cents per gal. Most will pass part of it on.
Who do you think pays that?
As a former business owner, I assure you that no business pays any taxes. They collect the taxes from the taxpayer (consumer) and pass it on to the government.
Transportation costs (including fuel taxes) are part of what the consumer pays at the POS. Not just once either, since they are paying sales tax on the included cost of the fuel tax.
Remember also that the fuel tax is paid many times all up and down the food chain. Not just from the factory to the store but transporting raw materials to that factory, producing the raw materials, etc..
Very few taxes are as regressive as the fuel tax. I will include this URL, even though all you guys are ‘experts’ and already know this stuff. Right?
http://www.psnw.com/~bashford/taxation.html
Skipping all that econ101 stuff, it is the Taxpayer’s money, NOT the Government’s money.
Anybody that is against dropping the fuel tax IS A SOCIALIST.
If you want money to spend on bridges and roads, PUT UP A TOLL BOOTH. Let those that use them pay for them. The Government should not be building bridges and roads anyway. Private enterprise would do a MUCH better job of it.
When is the last time a Toll Bridge fell down? See?
