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Posts Tagged “

Gas Tax

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i feel gassy

Hybrid SUVs Skip Gas-Guzzler Tax, Still Get Hybrid Credit Thanks To Tax Code Loophole

GM's two-mode hybrids, the Tahoe and Yukon, along with Chrysler's versions, the Durango and Aspen, have come to an ironic intersection in the tax code: These vehicles are eligible for a hybrid tax credit, yet theoretically should also be hit with the gas-guzzler tax. Does that sound like the world's loopiest loophole to you? We certainly think so. More »

9:40 AM on Thu Jul 3 2008
By Andrew Stoy
2,470 views, 91 comments

i feel gassy

Proposed Gas Tax Holiday Panned As Gimmick; Also, Water Is Wet

Floating around the policy wonk-o-sphere and on the front page of most of the news dailies today is this idea of a temporary holiday on Federal gas taxes for the summer driving season. Presidential candidates Sen. John McCain (R-AZ) and Sen. Hillary Clinton (D-copycat) have hopped on the "good idea" bandwagon, while Sen. Barack Obama (D-IL) rides on the "not-so-good idea" wagon-for-one. Analysts at the Urban-Brookings Tax Policy Center, along with Greg Mankiw, former chairman of George W. Bush's Council of Economic Advisers are both saying "Not so fast!" Heck, even Bush's spokeswoman Dana Perino is saying it's a bad idea. Seems these economics experts think that something crazy called "Supply and demand" will cause consumption to rise as prices fall, and since capacity is at a peak, prices will just go back to where they were before the tax holiday. More »

4:00 PM on Wed Apr 30 2008
By Ben Wojdyla
1,224 views, 51 comments

Latest by n/a: @Placebo: My gas guzzler uses fuel to propel it at obscene speeds. Please be sure to follow your own advice and get your small, fuel-efficient car out of my way when I come barreling up behind you. I'm looking at more »