Gas tax increase in some states July 1st
I read that some states will increase their gas tax, California 5.6 cents, Ohio 10.5 cents, Illinois will double their tax from 19 to 38 cents, S Carolina 2 cents, and Tennessee 1 cent.
Forum Discussion
jfkmk wrote:fitznj wrote:
We never learn.
NJ had the lowest gas prices in the North-East, people from PA, NJ, DE
used to cross the border to fill up their tanks. Great, more tax
revenue for NJ.
So what did our illustrious leaders do? they raised the gas tax by
23c.
So people from PA, NJ, DE stopped filling their tanks in NJ. Result? Tax revenues are down. No sh*t.
I'm not an economist but I could have figured that out.
So what do we do ? we elect a governor who promises to raise taxes.
Are we stupid or what?
Oh and that 23c tax increase was supposed to be temporary and offset
by a reduction in sales tax. So what do you think happened to the
sales tax?
Are we stupid or what?
Fits, you’re absolutely right! Except, when they implemented the higher gas tax, they added a provision to have a minimum amount brought in by the tax. If the tax didn’t bring in the minimum, it gets raised. So, as we chase away the fuel purchasers from surrounding states the tax goes higher to make up for the loss.
Then we elect the moron who promised to raise taxes!
Folks this is NOTHING new. WE live first and foremost in a Capitalist Country. Right?
It's Basic Economics (all these nice talking points we're making here are.....Nice, but moot.): When Demand goes up, So does the Price. period. Basta. It's always been that way. Basic supply and demand. It's not gonna change.
