Monday, September 15, 2008

Now's the time

With gas prices likely to fall (as oil fell to $93-a-barrel), it's time to really think hard about a higher gas tax. Let's add a dime to the gas tax every two years for the next ten years. We will:

  • Survive the up-tick. We survived $4.00-a-gallon gas.
  • Continue the virtuous cycle that higher gas prices created in terms of less driving and more transit use.
  • Have revenue to help pay for the increased demand on the transit system.
  • Have revenue to help pay down the bridge bonds
Oh, and a higher gas tax will reduce the amount of money that oil companies can collect as profit.

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