Mostly rational politics, with occasional rants about how a few crazy Republicans are ruining the country.
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Tuesday, November 01, 2005
Increase the gas tax
Wholeheartedly agree with this editorial in the NYTimes last week recommending raising the gas tax.
Double benefit: increase revenue to the government (closer to a balanced budget), and decrease consumption of gas, which has enormous environmental and geopolitical benefits.
Problem: Gas tax is regressive, hitting poor people more.
Solution: Offset that tax increase with corresponding tax credits for low-income households. So poor people would end up paying more for gas but less in all other taxes, whereas the middle class and wealthy would be incentivized to drive less (or hybrids). No big budget solution, but the geopolitical benefits make it worth it.