California Lawmakers Agree to Raise Gas Prices 40 Cents-Per-Gallon
With California’s tax policy, the only certainty is that consumers will lose money.
The latest example is the growing fight over whether to include fuel distributors in the Golden State’s controversial global warming regulatory scheme. Doing so would subject them to the same cap-and-trade system applied to industrial facilities, and could add between 12 – 40 cents-per-gallon to fuel purchases within the next year. The leading alternative would opt for a flat 15 cent-per-gallon carbon tax, which grows to 40 cents by 2029.
In short, California lawmakers have agreed that gas should cost an additional 40 cents-per-gallon. They’re just torn over how long to wait before imposing it on taxpayers.
This is what passes for deliberation in a state dominated by tax-and-spend liberals.…[more]
Conservative doomsayers should chill out.
This week’s installment of a budget deal is definitely not the utter disaster that many enraged conservatives are portraying. While it might be a bitter pill, the deal actually gives conservatives some leverage moving forward, while leaving tax rates at levels that by historical standards aren’t bad.
Let’s first assess the history. One need not go back to the Carter-era top income-tax rates of 70 percent to see that the post-deal tax schedule is no catastrophe. Instead, just go back to the turn of the millennium.
In the year 2000, after…
"Tuesday night's special election in Florida should be a serious scare for Democrats who worry that Obamacare will be a major burden for their party in 2014. Despite recruiting favored candidate Alex Sink, outspending Republicans, and utilizing turnout tools to help motivate reliable voters, Democrats still lost to Republican lobbyist David Jolly — and it wasn't particularly close. "The Republican…[more]
—Josh Kraushaar, National Journal Political Editor
— Josh Kraushaar, National Journal Political Editor