Krauthammer has been advocating a higher gasoline tax for years and it is great idea. Our political leaders are too weak to pass something like this so instead we get monstrosities like the CAFE standards that try to accomplish the same goal but almost always fail.
There is a great lesson here for the next big issue ...CO2 emissions. Again, the politicians are too weak to do the honest and right thing and impose a CO2 tax. Instead we will get "cap and trade" with a huge new bureaucracy. Congress will get to deal out allowances to their own favorite interests. They will also try (and likely fail) to pick the winners and loosers in a carbon constrained economy.
Krauthammer has been advocating a higher gasoline tax for years and it is great idea. Our political leaders are too weak to pass something like this so instead we get monstrosities like the CAFE standards that try to accomplish the same goal but almost always fail.
ReplyDeleteThere is a great lesson here for the next big issue ...CO2 emissions. Again, the politicians are too weak to do the honest and right thing and impose a CO2 tax. Instead we will get "cap and trade" with a huge new bureaucracy. Congress will get to deal out allowances to their own favorite interests. They will also try (and likely fail) to pick the winners and loosers in a carbon constrained economy.
He does call, and has called, for higher gas taxes -- as he mentions this position of his goes back 25 years.
ReplyDeleteBut don't ignore that Krauthammer also calls for a concomitant reduction in payroll taxes. It's a change to taxes, not a call for a new tax.
And Krauthammer is one of the Left's favorite demonic "neo-conservatives" -- he's no hawk on taxes anyway.