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Trump floating 25 cent gas tax hike

  • Offline MalabarJag
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#38
02-17-2018, 07:35 PM

(02-17-2018, 10:53 AM)The Real Marty Wrote:
(02-17-2018, 09:59 AM)MalabarJag Wrote: Typo. That should have been 12 cents. About half of what Trump asked for. 

Of course as a wheeler dealer he always takes an extreme position on his initial offering.

So just to be clear, you think 12 cents increase in the gas tax, by itself, will raise an extra $1.5 trillion?

I googled the question, how much fuel is consumed in the US every year, and what I found was that, according to the federal highway administration, in 2009, 172 billion gallons of fuel were consumed.   At 12 cents per gallon, that would have raised 20 billion dollars.   Over 10 years, 200 billion dollars.   Obviously, that is a fraction of the $1.5 trillion Trump is proposing for an infrastructure plan.   So according to my calculations, 12 cents a gallon would fall way short based on 2009 fuel consumption numbers.


Was the 172 billion gallons just gasoline, or did it include diesel?

My calculation used 1/4 as a multiplier since current highway spending accounts for 1/4 of "infrastructure" spending. I don't consider it reasonable to charge drivers for the other infrastructure (water treatment plants for example), because then the fuel tax is not a user fee. So you'd need about $400 billion. That explains about half the discrepancy. 

I used the tax revenue numbers from 2015. 2009 was the bottom of the recession, so that year would have been significantly lower than normal. 

Also, the current tax revenue is more than what's currently spent on highways, so the excess current tax covers some of the necessary increase in my calculation.



                                                                          

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Messages In This Thread
RE: Trump floating 25 cent gas tax hike - by FBT - 02-19-2018, 06:02 PM
RE: Trump floating 25 cent gas tax hike - by MalabarJag - 02-17-2018, 07:35 PM



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