Federal Gasoline Taxes

Nobody wants to see their gasoline taxes go up, but the federal excise tax on gasoline has remained at 18.4 cents a gallon since 1993. Could it play a role in helping to get tax reform approved and should it be adjusted at least for inflation? Lucian Pugliaresi, Larry Goldstein, and Will Pack take us through a short analysis on the gasoline tax, its upside as a revenue raiser and potential instrument for regulatory reform in the transportation fuels sector and its downside as a regressive tax. The paper can be found here.

gas

Larry Goldstein: The Fed Decisively Indecisive

I never thought I would say this, so I won’t. I’ll Write it. I’ve always believed that sunshine is the best antiseptic. You could never have too much transparency. That is until I met this FED. “We’re going to raise rates, but we’re data dependent” “ We are going to raise rates soon”. I guess it depends upon the meaning of what soon is.  (I’m coming to believe it’s sooner or later). They’ve been telling us that for more than six quarters… THE FED DECISIVELY INDECISIVE (5/28)

 

 

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