Whatever your opinion on the healthcare bill recently passed by Congress and signed by President Obama, the passage of it has at least allowed discussions on other important topics to resurface. Topics like energy reform. Details of the Kerry-Grahm-Lieberman energy reform bill have started leaking out. Among the topics that stuck out: a new gas tax.
The details don’t make clear how much this new gas tax would be, but it would likely be linked to the carbon content of the fuel. A higher gas tax has been bandied about for decades, and has always shot down rather quickly. The Fed’s collect 18.4 cents per gallon, while the average state gas tax is about 27 cents. So 45 cents of every gallon already goes to either the Feds or the state, and while it may sound like a lot, in actuality it is amongst the lowest tax rates on fuel in the world. How much higher should it go?