Hot Air Tax

Senator Corker today on CNBC pitched his (and Dem Senator Chris Murphy’s) new gas tax plan that will be used to create a Trust for funding road improvements.  First and foremost what struck me is that we have a Republican proposing a tax in an election year.  My thoughts immediately flashed back to the classic flick American Werewolf in London when the Pub owner warns Jack to “Beware of the moors, go,  stick to the roads…….  Beware of the moon lads”.  I mean if a Republican raising taxes in an election year isn’t an omen I don’t know what is.  But so what’s the catch?  Well as Corker is pitching this as a tax neutral proposal meaning the increase tax will be offset by reduced taxes elsewhere and indicating he’s doing this to prevent us stealing from our kids future incomes Becky Quick actually starts pressing him on the tax neutral issue.  So Corker finally gives up his plan.  He is going to raise taxes on gas that every driver in America will have to pay and he will offset that by extending corporate tax breaks like accelerated capitalization.  So there you have it.  Kind of like a reverse Robin Hood tax.  Steal from the poor and give to the rich. Not only that but he also mentioned the Trust will allow the government to put long term contracts in place with large construction companies so they can make capital purchases and have the right equipment when it comes time to build.  I would be willing to bet a dollar to a donut that Corker and Murphy have some construction lobbyists in their pockets.  So to summarize, Corker and Murphy’s gas tax bill that they purport will prevent us from having to steal from our children’s future income will raise the price of gas perpetually to the consumer as it would tie tax to inflation and would offset those increases by giving tax breaks to corporations.  And additionally would provide long term contracts to large construction companies, which I’m sure will be fair blind bid contracts.  These bloody legislators either believe we are dumb as all hell or apathetic as all hell.  Although this is pushing the envelope on testing our character we’ve given them reason to test us.  We have the ability to push back but will we?