Originally posted by sh76
Then when the prices go up, you can cut the taxes.
Ironically, the best way to keep prices from going up is to tax gasoline, thereby depressing demand.
All the red herrings aside, higher gasoline tax makes excellent policy sense. If you don't like other policies, argue against the ones you don't like. But you haven't made a single argument against my argument in favor of high gasoline tax above.
"Then when the prices go up, you can cut the taxes."
Fat chance of that ever happening.
"Ironically, the best way to keep prices from going up is to tax gasoline, thereby depressing demand. "
Then the "price" will include a huge margin for government, which they can redirect to all sorts of good deeds programs. It will end up like cigarettes where the producer gets a tiny portion of the selling price, and the government does what it wants to with the loot. The original good idea of smoking cessation is forgotten as the government gets addicted to the revenue. Also, once started down this road, it'll become a favorite place for tax increases, as before long the regular joe will no longer be able to afford a car or truck, and the tax will have to support the auto industry layoffs.
Make no mistake, the limitations of where gas tax money goes are almost all gone already, and those that are left will soon fall. They only right thing to do is put gas tax collection back in the hands of the States where the work is actually done. Leave it to Obama, and the shovel ready jobs will end up being Wall Street brokers.