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Budget and Taxes Do you feel that raising taxes will help solve the debt of the United States? Are you a fan of Reaganomics?

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Old 08-08-2005, 04:43 PM   #1 (permalink)
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Gas prices and republican views
I just saw, on TV news, that gas prices are at an all time record high in my area ($2.36). It reminds me of a view my Dad held about taxes on gas. He said that if you appied just a 10 cent tax per gallon in America, that we could fond pretty much any and all social programs needed. Mind you this is in the day that gas prices were about a buck a gallon.

The idea has been proposed in bills a few times in the past and Republicans and truck drivers whined that it would throw our economy into shambles; That it could cause the collapse of our economy basically. Here we are after a 138% increase and yeah, our economy might be in the crapper, but it certainly hasn't collapsed.

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Old 08-08-2005, 06:22 PM   #2 (permalink)
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It certainly makes one wonder.
But it don't take much to get me by
So just booze me up and get me high
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Old 08-08-2005, 08:26 PM   #3 (permalink)
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So how could we fix the problem of high gas prices??
Old 08-08-2005, 08:55 PM   #4 (permalink)
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Quote:
Originally Posted by RidinHighSpeeds
So how could we fix the problem of high gas prices??
The issue isn't about gas prices. It is about how much money we could have for social programs if we had taxed 10 cents a gallon between the year 1970-2003.
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Old 08-08-2005, 08:57 PM   #5 (permalink)
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Quote:
Originally Posted by hevusa
Quote:
Originally Posted by RidinHighSpeeds
So how could we fix the problem of high gas prices??
The issue isn't about gas prices. It is about how much money we could have for social programs if we had taxed 10 cents a gallon between the year 1970-2003.
I understand that...
Old 08-08-2005, 09:01 PM   #6 (permalink)
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So how could we fix the problem of high gas prices??
The issue isn't about gas prices. It is about how much money we could have for social programs if we had taxed 10 cents a gallon between the year 1970-2003.
I understand that...
In that case... I don't know how you fix the current gas prices. Maybe not create instability in the region that has most of the oil??
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Old 08-08-2005, 09:33 PM   #7 (permalink)
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thats where we get most of the money from taxes, isnt it??
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Old 08-08-2005, 09:40 PM   #8 (permalink)
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On gas? I don't think so. I'm pretty sure there is no federal tax on gasoline.
But it don't take much to get me by
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Old 08-08-2005, 09:42 PM   #9 (permalink)
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Quote:
Originally Posted by RidinHighSpeeds
So how could we fix the problem of high gas prices??
maybe we could invade a country in the middle east that has a lot of oil and take it away from them. yeah that should work
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Old 08-08-2005, 09:44 PM   #10 (permalink)
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One of my favorite sites, howstuffworks.com

http://money.howstuffworks.com/gas-price2.htm

"Federal excise taxes are 18.4 cents per gallon, and state excise taxes average 20 cents per gallon."



Source: U.S. Department of Energy
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