Now that the Senate Republicans' plan to pass out $100 fuel-cost rebate checks to American taxpayers has crashed and burned, Senate Democrats - and Senate wanna-be's like Ohio's Sherrod Brown - are out touting their own plan to ease the gasoline crisis: a 60-day moratorium on the collection of federal gasoline taxes, which would save consumers 18.4 cents a gallon.Bill Pierce would have gone one better and recommended the elimination of this tax altogether...care to hop on board, Sherrod? Mikey???
UPDATE: The more I read this the angrier I get... Check this out:
Standing in the parking lot of the African-American Chamber of Commerce Monday afternoon, with a Shell gas station sign advertising $2.68.9 per gallon gas in the background, Brown argued for a temporary suspension of the 18.4 cent federal tax. Repealing some $10 billion in "unnecessary'' subsidies for oil companies granted by Congress would more than make up for the lost revenue.So Sherrod is saying let's take the Republicans off Big Oil's money for a whopping 60 days! If he were smart, he'd recommend the elimination of the tax altogether so the Republicans in HALLIBURTON!'s pocket wouldn't have access to the dough...but that ain't what this is about is it? Someone should ask Sherrod what this is really about...because it isn't Big Oil.
But, Brown said, with former oilman George W. Bush in the White House and Republicans controlling Congress - the recipients of $73 million in campaign contributions from oil and gas companies - gasoline prices are almost certain to continue rising.
UPDATE 2: So, all of that got me thinking...what if Sherrod Brown is lying to Ohioans? What if the gas tax doesn't even go to Big Oil kickbacks?
Check out this history of the gasoline tax from the American Road and Transportation Builders Association:
From 1932, when Congress first enacted an excise tax on gasoline, until 1956, the proceeds of the gas tax went into general revenues, although the amount raised each year was used as an informal benchmark for Federal highway spending. The Federal-Aid Highway Act of 1956 established the Highway Trust Fund and stipulated that 100% of the gas tax be deposited into the fund. From 1956 to 1982, the Highway Trust Fund was used solely to finance expenditures from the federal highway program.This tax funds our highways, not Big Oil. Sherrod Brown knows this, but as usual, he's counting on Ohioans to be too stupid to figure this out. At least Mike DeWine is honest about screwing us...
Highway Trust Fund revenues were first allocated to mass transit in the Surface Transportation Act of 1982, when Congress raised the gas tax from four cents per gallon to nine cents per gallon and dedicated one cent, or 20 percent, of the increase to the newly-established Mass Transit Account. Each time there has been an increase in the amount of gas tax going into the Highway Trust Fund—1990, 1993 and 1997—20 percent of the increase has been allocated to the Transit Account and 80 percent to the Highway Account. Of the current gasoline tax of 18.3 cents per gallon, 2.86 cents per gallon is allocated to the Mass Transit Account.