13 cents a gallon is quite a bit if the price at the pump jumps back up to $4.00 or $5.00 and with OP talking of cutting production it could jump that high or higher! Look for this to spread across America! I know I know, but most of these things start in California and moves across to the East Coast!
California’s Democratic leaders were planning a vote today on a brazen proposal to raise gas, sales and income taxes through a series of legal maneuvers that would bypass the Legislature’s minority Republicans.
The Democratic gambit, announced Wednesday, would raise $9.3 billion to ease the state’s fiscal crisis by increasing sales taxes by three-fourths of a cent and gas taxes by 13 cents a gallon, starting in February. The plan would add a surcharge of 2.5% to everyone’s 2009 state income tax bill.
The question is for the supporters, Will this be a tax that the poor and middle class people will pay or is it a cut in taxes for the people making $200,000.00 or less as Obama promises?
LINKS:
(1) MORE TAXES……because they’re good for your health
News has it that New York, replacement Governor, David Paterson, is unveiling 127 new items and services that the Empire State will start taxing.
Click to read more here
(2) Here goes California, right off a cliff (or not).
Highest gas tax imposed on consumers? California, which imposes a healthy 7.25% tax, and then permits local municipalities to tack on another 1.5%. Highest corporate income tax rate in the West? California, at 8.84% (which is also good for 6th highest in the nation). The list of categories in which California leads – or nearly leads – in the tax burden placed on its citizens and businesses could go on and on.
(3) California economy crashes
The state of California is nearly out of money and nearly out of options.
(4) You’ll pay more as city services are cut back (Taxes? No! But just as well to be)
