Current Events > Trump endorses 25-cent gas tax

(+) Yeah! (+)

https://twitter.com/jonathanvswan/status/963867758147534849

wtf I like taxes now

Bullet_Wing posted...

And now the cultists are pro tax, lol

Bullet_Wing posted...

And now the cultists are pro tax, lol

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Shuto-uke posted...

Bullet_Wing posted...

And now the cultists are pro tax, lol

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based trump
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I'm assuming this gas tax doesn't apply to jet fuel and such so that it doesn't affect airlines and people who own planes?
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Bullet_Wing posted...

Also of note. The gas tax is currently 18.4 cents. Trump did not propose raising it TO 25, he proposed raising BY 25

Gradually or instantly? Instantly raising the price of the lifeblood of the economy by 25 cents is disastrous.
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For what, a carbon tax?
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YellowSUV posted...

Bullet_Wing posted...

Also of note. The gas tax is currently 18.4 cents. Trump did not propose raising it TO 25, he proposed raising BY 25

Gradually or instantly? Instantly raising the price of the lifeblood of the economy by 25 cents is disastrous.

Apparently 5 cents a year/per year.
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based trump raising taxes and extending reach of the government with the food stamp thing. based big government
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YellowSUV posted...

Bullet_Wing posted...

Also of note. The gas tax is currently 18.4 cents. Trump did not propose raising it TO 25, he proposed raising BY 25

Gradually or instantly? Instantly raising the price of the lifeblood of the economy by 25 cents is disastrous.

But Putin would like that.

MorbidFaithless posted...

YellowSUV posted...

Bullet_Wing posted...

Also of note. The gas tax is currently 18.4 cents. Trump did not propose raising it TO 25, he proposed raising BY 25

Gradually or instantly? Instantly raising the price of the lifeblood of the economy by 25 cents is disastrous.

Apparently 5 cents a year/per year.

Making gAs prices Great Again!

Bullet_Wing posted...

Also of note. The gas tax is currently 18.4 cents. Trump did not propose raising it TO 25, he proposed raising BY 25

Holy shit
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I wonder how much of those tax breaks this would nullify by itself
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UnholyMudcrab posted...

I wonder how much of those tax breaks this would nullify by itself

It might make people even worse off than before. You might not think much of it if you don't drive much, but anything that has to be shipped is going to be effected by this. This would be less concerning if Trump and Republicans actually pushed for alternative energy.
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Are we going to bring this topic back up when it's revealed that this is Fake News, or will we just forget it ever happened?

Accountability!
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Evil, out of touch millionaire who is profiting off the government position he acquired bankrupts the nation, wants to punish non-millionaires.
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President Trump endorsed a 25-cent gas tax hike to pay for infrastructure at a White House meeting this morning with senior administration officials and members of Congress from both parties, according to two sources with direct knowledge. Trump also said he was open to other ways to pay for infrastructure, according to a source with direct knowledge.

Sounds like he was spitballing ways to cover the infrastructure spending he wants in the new budget. Given that "how are you paying for it" has been a common theme in budget talks, this isn't surprising.
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UnholyMudcrab posted...

I wonder how much of those tax breaks this would nullify by itself

Well over 100% for all those outside of the highest tax brackets.
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Bullet_Wing posted...

YellowSUV posted...

Bullet_Wing posted...

Also of note. The gas tax is currently 18.4 cents. Trump did not propose raising it TO 25, he proposed raising BY 25

Gradually or instantly? Instantly raising the price of the lifeblood of the economy by 25 cents is disastrous.

Phased in over 5 years.

So the end result is still raising the price as he continues to destroy alternative sources of energy.

Meaning you either get forced to go along with it, or you don't drive.
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Well, there goes the tax break I got
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Rip his presidency

Crazy gas prices is what destroyed Bush Jr, and that wasn't really his fault.
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Trump could say "I wonder if it's going to rain" and you people would screech that he's pro flood. Read the article. He was in closed budget talks and was discussing possible ways to fund infrastructure upgrades. A gas tax was one such idea proposed.
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Watch the left complain about something right out of their playbook.
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Unsugarized_Foo posted...

Well, there goes the tax break I got

there's always a hidden motive behind what he does. already trying to **** people over (anyone below middle class isn't safe).
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Bio1590 posted...

For what, a carbon tax?

It's a user fee. The idea is have a service paid for by the people who actually use the service.
That's how the roads were supposed to be funded, before the Highway Trust Fund ended up raided just like the Social Security Trust Fund, and pretty much every other pile of public money with "trust fund" in the name.

kingdrake2 posted...

Unsugarized_Foo posted...

Well, there goes the tax break I got

there's always a hidden motive behind what he does. already trying to **** people over (anyone below middle class isn't safe).

Thats genius though. Can't get the proper funding by putting it in the budget? Give it to people and tax em

I love it.
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So in a vacuum this isn't a bad thing, I think it was last raised in the 90's and between a combination of inflation and car efficiency the tax is bringing in less real dollars now than it did when last raised.

However it is a severely regressive tax and will have a lot of downstream economic effects as shipping costs rise. For a large number of people this amounts to about $10 a week in just tax paid and then factor in higher cost goods..

Wtf we love taxes now

lmao, imagine getting excited that you're going to get an extra $300 a year in tax refunds and then having to pay twice that once the administration starts raising all these other taxes behind the scenes.
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byrone posted...

Wtf we love taxes now

What? No.
They're just vaguely more tolerable when there's at least a nominal causal relation between the thing being taxed, and the thing the tax is funding.

Per gallon? That's a really regressive tax.
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There better be a damn good reason, bullshit.
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Questionmarktarius posted...

byrone posted...

Wtf we love taxes now

What? No.
They're just vaguely more tolerable when there's at least a nominal causal relation between the thing being taxed, and the thing the tax is funding.

If Obama proposed this you'd have an aneurysm.

Hell yeah regressive taxes!!!!!!!!!!!!!

FUCK YOU POOR PEOPLE!!!!!!!!!

MAGA!!!!!!!!!!!!!!!!!
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https://www.forbes.com/sites/energyinnovation/2018/02/13/a-
gas-tax-hike-would-generate-840-billion-add-1-
2-million-evs-cut-1-3-billion-barrels-fuel-use/#388e802954e3

IF this math is true the Gas tax would bring significant funds, far more than enough to pay for the infrastructure upgrade and help cover the deficit. The Forbes model believes that right now Federal infrastructure would be at about 138 billion in the hole by 2027. This would generate 303 in the next 10 years (by 2029), which would cover not only the deficit left by the current tax fund but also nearly cover Trumps 200 million in spending. On top of that, according to the article, the .25 cent tax is within historical variance for gas prices as they go up and down. AKA you likely would barely notice this.

I'm for this tax.

Questionmarktarius posted...

byrone posted...

Wtf we love taxes now

What? No.
They're just vaguely more tolerable when there's at least a nominal causal relation between the thing being taxed, and the thing the tax is funding.

There is nothing casual about a 25 cent tax increase on a literal necessity.

I'm okay with the tax but I'm not going to lie about it to make it sound more tame. People should not be using gas.
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Imagine if a democrat proposed this....
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Shadow_Of_Fenix posted...

https://www.forbes.com/sites/energyinnovation/2018/02/13/a-
gas-tax-hike-would-generate-840-billion-add-1-
2-million-evs-cut-1-3-billion-barrels-fuel-use/#388e802954e3

IF this math is true the Gas tax would bring significant funds, far more than enough to pay for the infrastructure upgrade and help cover the deficit. The Forbes model believes that right now Federal infrastructure would be at about 138 billion in the hole by 2027. This would generate 303 in the next 10 years (by 2029), which would cover not only the deficit left by the current tax fund but also nearly cover Trumps 200 million in spending. On top of that, according to the article, the .25 cent tax is within historical variance for gas prices as they go up and down. AKA you likely would barely notice this.

I'm for this tax.

In the Congressional Budget Office's analysis of the Senate tax bill, the cuts would add $1.414 trillion to the deficit by 2027.

But hey, $840 billion by the year 2050, I'm sure that will make a difference LOL
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What was his quote about how it feels good to help people keep more of their money?
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DezDroppedFreak posted...

Bullet_Wing posted...

Also of note. The gas tax is currently 18.4 cents. Trump did not propose raising it TO 25, he proposed raising BY 25

Holy shit

"republican" "conservative"
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CanuckCowboy posted...

What was his quote about how it feels good to help people keep more of their money?

"People don't have to buy gas"
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Tyranthraxus posted...

Questionmarktarius posted...

byrone posted...

Wtf we love taxes now

What? No.
They're just vaguely more tolerable when there's at least a nominal causal relation between the thing being taxed, and the thing the tax is funding.

There is nothing casual about a 25 cent tax increase on a literal necessity.

I'm okay with the tax but I'm not going to lie about it to make it sound more tame. People should not be using gas.

Causal is a very different word than casual.
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Hexenherz posted...

CanuckCowboy posted...

What was his quote about how it feels good to help people keep more of their money?

"People don't have to buy gas"

duh why buy gas when you can just hire a driver
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I hope this is true just so I can see how this followers justify it.
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E32005 posted...

Hexenherz posted...

CanuckCowboy posted...

What was his quote about how it feels good to help people keep more of their money?

"People don't have to buy gas"

duh why buy gas when you can just hire a driver

"There are buses and subways in the city"
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