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OnlinePoker

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9. Article doesn't say how much this would raise, but here are the stats

Wed Jun 18, 2014, 02:21 PM

Jun 2014

I've based it on last year when 134.51 billion gallons of gasoline were sold according to the EIA. At a final (after tax increase) rate of 30.4 cents per gallon, that's $40.891 Billion per year in gas taxes.

I could only find an approximation of Diesel consumption at 7 billion gallons per year so at a final rate of 36.4 cents per gallon, that would bring in $2.548 Billion per year.

The combined total per year for the taxes would be $43.4 Billion.

This would still be a deficit based on 2011 figures where $36.2 Billion were spent on highways and $8.3 Billion on transit. This is another example of a tax that was created for one purpose being utilized for something it wasn't intended for (in this case, transit) and then not being adjusted to make up the deficit.

http://www.eia.gov/tools/faqs/faq.cfm?id=23&t=10
http://en.wikipedia.org/wiki/Highway_Trust_Fund
(wiki link has an external link to a PDF on the State of the Highway Trust Fund with expenditures and deficits in a table on page 10)

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Senators propose 12-cent gas tax increase [View all] Omaha Steve Jun 2014 OP

How about raising them AFTER ebbie15644 Jun 2014 #1

Ding! Ding! Ding! We have a winner! LuckyLib Jun 2014 #16

That would allow the Republicans to hold the climate to ransom muriel_volestrangler Jun 2014 #33

I DON'T CARE! ebbie15644 Jun 2014 #46

Timing Is Everything.... global1 Jun 2014 #2

Timing is the only thing at this time. OLDMADAM Jun 2014 #62

I know Chris - He's my senator and was my House Rep... MANative Jun 2014 #3

Large oil pay little or no taxes randr Jun 2014 #4

The #1 and #2 US corporate taxpayers are Exxon and Chevron. Psephos Jun 2014 #42

Well since some places are floating at or beyond $4 per gallon for regular Historic NY Jun 2014 #5

it's four dollars a gallon now. heaven05 Jun 2014 #6

almost $3 of every gallon is money to the oil company. 18 cents goes to our Federal gov. the rest Sunlei Jun 2014 #44

Regressive. I'm a NO bluestateguy Jun 2014 #7

Do we still have corporate welfare for oil companies? truthisfreedom Jun 2014 #8

Article doesn't say how much this would raise, but here are the stats OnlinePoker Jun 2014 #9

But that doesn't take into account christx30 Jun 2014 #41

This is needed. It's a small start. The USA has to catch up with the rest of the developed world muriel_volestrangler Jun 2014 #10

Yes it is needed Cryptoad Jun 2014 #11

You've got to tax the users to discourage use muriel_volestrangler Jun 2014 #13

That good logical thinking if ,,, Cryptoad Jun 2014 #17

Unemployment rate in 1993 was 6.9% muriel_volestrangler Jun 2014 #20

No, YOU can bear it. Don't presume to tell others what they can afford. Throd Jun 2014 #25

Is price discrimination the way to do this? louielouie Jun 2014 #18

Why is raising the tax back in line with inflation 'discrimination'? muriel_volestrangler Jun 2014 #21

Because it is a regressive tax. louielouie Jun 2014 #23

As the OP points out, the current gas tax isn't even paying for repairs to roads and bridges muriel_volestrangler Jun 2014 #26

There are other ways to finance public goods. louielouie Jun 2014 #28

But at the same time, use of gas needs to be discouraged muriel_volestrangler Jun 2014 #32

Gas needs to be replaced by other forms of energy. louielouie Jun 2014 #34

And that's what a gas tax does muriel_volestrangler Jun 2014 #35

It puts an undue burden on the poor. louielouie Jun 2014 #36

What is your solution to carbon dioxide emissions? (nt) muriel_volestrangler Jun 2014 #37

Auto manufacturers should be required by the govt to shift to electric cars. louielouie Jun 2014 #38

Do you think those would be cheaper in the short term than current fuels? muriel_volestrangler Jun 2014 #43

And then tax who to pay for the road repairs? OnlinePoker Jun 2014 #45

Please read my earlier posts where I address this issue. louielouie Jun 2014 #49

But this will price a few more people out of vacations. Doctor_J Jun 2014 #24

+1. louielouie Jun 2014 #31

They should double the 18 and 24 cent Federal tax and HALF the state taxes and profit money. Sunlei Jun 2014 #12

They will never cut the "profit money." louielouie Jun 2014 #19

I hear you! we can see the change as gas use drops, the price will continue to up, up, up for the Sunlei Jun 2014 #27

+1 louielouie Jun 2014 #29

THat would be nice, just how do you get the states to budge on their cash cow... Historic NY Jun 2014 #30

nice price breakdown. remember republicans nagging Pres O over gas prices? 18 cents is the Fed. tax Sunlei Jun 2014 #40

Aren't those "six federal tax breaks that expired this year" the Bush cuts for the 1%? starroute Jun 2014 #14

Bob Corker's net wealth in 2013 = $16.8 million. louielouie Jun 2014 #15

Dow-30 Earnings: Exxon Mobil Corp. � First Quarter 2014 mitty14u2 Jun 2014 #22

I am already onecaliberal Jun 2014 #39

Criminal stupidity seveneyes Jun 2014 #47

the fix is in warrprayer Jun 2014 #48

Raise taxes on a commodity that practically everyone uses and off-set with tax breaks??? Why offset kelliekat44 Jun 2014 #50

What about removing the gas industry subsidies first? nt valerief Jun 2014 #51

I assume gas tax rates are based on a percentage of the cost of gas. If gas prices doubled over the Ed Suspicious Jun 2014 #52

Federal gas tax rates are a fixed amount muriel_volestrangler Jun 2014 #53

That explains it. Thank you. Ed Suspicious Jun 2014 #54

I used to deliver gas, diesel, kerosene, bulk oil,... Omaha Steve Jun 2014 #56

"Bi-partisan deal" means "bend over and grab your ankles." blkmusclmachine Jun 2014 #55

Oh, for crying out loud. blue neen Jun 2014 #57

Remember Ross perot that cost Bush I a second term? Omaha Steve Jun 2014 #58

I do remember Perot. blue neen Jun 2014 #59

IT SOUNDS LIKE BATE AND SWITCH TO cynzke Jun 2014 #60

Good idea. We should also have a federal tax on food and water. Regressive taxes are da bomb! Scuba Jun 2014 #61