gasoline tax

The Ups and Downs Of California’s Gas Tax

Last year, California raised its excise taxes on motor fuels. The tax on gasoline increased from 34.7 cents per gallon to 46.7 cents per gallon...

November 1, 2018Robert McClelland

: TaxVox

On Raising a Rate...

Sanders won’t raise the top rate to 90 percent. In their Saturday night debate, Democrats spent much of their time talking about foreign policy, terrorism, and Wall Street. But there were a few tax-related sound bites. Perhaps the most interesting: Bernie Sanders said he would not raise the top

November 16, 2015Renu Zaretsky

: TaxVox

Highway Follies: The Never-ending Story

The House has a short-term patch for the Highway Trust Fund… Late Monday night, the House Ways & Means Committee released a plan to cover the Highway Trust Fund with $8.1 billion through mid-December 2015. The patch would use revenue collected by tightening IRS compliance rules. The House could

July 15, 2015Renu Zaretsky

: Daily Deduction

“Take me home, country road… To a fund (and a country), that’s not broke.”

Greece: "Ne" to new sales taxes and (maybe) tax reform. The beleaguered Greek government has offered a new reform plan in return for $55 billion in European Union bailout money—and it reportedly includes new sales taxes, new levies on cafes and restaurants (read: tourists) and possible tax reform,

July 10, 2015Renu Zaretsky

: TaxVox

Revenues and Rate Hikes: What’s an Elected Official to Do?

There’s a revenue surge in California. The state is exceeding its 2013 tax collections and beating 2014 forecasts. The Franchise Tax Board netted $7.6 billion in personal income taxes between April 1 and this past Monday. It collected $6 billion during the same period in 2014. The state’s school

April 22, 2015Renu Zaretsky

: Daily Deduction

Sense and Sensibilities

The GOP House passes its budget. It promises to balance the books within 10 years by cutting spending by $5.4 trillion. Cuts include $2 trillion from repeal of the Affordable Care Act, $1 trillion from Medicaid and the Children’s Health Insurance Program, and $1 trillion from other unspecified

March 26, 2015Renu Zaretsky

: TaxVox

Local Tax Threats, Hikes, and Indignities

Chicago Mayor Rahm Emanuel: Without school pension money from the state, property taxes will jump. Facing a tough runoff in his race for reelection, Emanuel is looking for fiscal help from the state, including from its GOP governor. He wants the state to help fund pensions for Chicago’s teachers as

March 16, 2015Renu Zaretsky

: TaxVox

Raising Taxes to Fuel, Fly, and… Drink?

Have taxes, will travel. The American Road & Transportation Builders Association wants Congress to raise the federal gas tax by 15 cents a gallon to generate $401 billion in new transportation funding. Money for the Highway Trust Fund dries up in May. The group suggests the tax be offset with a

March 13, 2015Renu Zaretsky

: TaxVox

A Replacement, A Vision, and Promises

An Obamacare replacement? Senate Finance Committee chair Orrin Hatch, House Energy and Commerce chair Fred Upton, and GOP Senator Richard Burr have released their health reform plan, called the Patient CARE Act. The proposal, similar to a bill Hatch and Burr introduced last year, would repeal the

February 6, 2015Renu Zaretsky

: TaxVox

All's Fair in Love and Taxes... Or Not.

Et tu, Utah ? GOP leaders want to increase the state’s gasoline tax . The state faces an $11 billion budget gap for transportation projects slated through 2040. Its House GOP caucus has endorsed an increase of as much as 10 cents a gallon in the state’s gasoline tax. They’re even willing to tie the

January 8, 2015Renu Zaretsky