The bad news is that gasoline is getting higher and higher each day. The worse news is at least one politician is going to help. According to televison station KLTV, Texas State Senator Kevin Eltife is proposing a ten cent per gallon increase in the tax Texans pay at the pump.
Eltife wants to help TxDot - Texas Department of Transportation - get out of billions of dollars in debt. Instead of issuing bonds, he wants to raise taxes and "pay as you go." Other considerations have been an increase in sales tax and increase state auto inspection fees. Fees must be better because they don’t raise taxes - ha-ha-ha.
The good Senator cited that the current tax rate of twenty cents per gallon hasn’t been raised in more than twenty years. I didn't know there was a requirement to raise taxes when they haven't been raised.
Here’s my suggestion for Mr. Eltife. Cut the tax 100 percent and charge a thirty cent fee per gallon. That will ensure you reelection because you cut taxes and increased revenue.
I should have gone into politics.
PMO
©2013
No comments:
Post a Comment