With GDP on the rise, the unemployment rate falling, and gas prices lower than they have been in years, the public is finally starting to feel good about the economy. Despite the underreported fact that the labor participation rate is as low as it has been since 1977 and there are nearly 100 million Americans who are not participating in the labor market, those Americans who are working feel as good about the economy as they have since the mortgage market collapsed in 2008.
These factors have also led American lawmakers on the left and the right to agree that it is a perfect time for new taxes. Specifically, a new tax on gasoline.
Sorry, it’s not a “tax,” it’s a “user fee” for Americans who drive on highways with the aim of replenishing the depleted Highway Trust Fund. Just don’t think too hard about the millions of Americans who avoid highways or who use gasoline in tools like lawnmowers or gas-powered generators. For them, it’s no misnomer to call it a “tax.”
For the political class in Washington, the biggest impediment to imposing new “fees” on the American public is the fact that they are often paying attention. Given the prevailing economic conditions, lawmakers have some reason to believe that average Americans are finally looking the other way.INSTEAD OF GASOLINE TAX, THEY SHOULD BAN OIL FROM NATIONS WHICH PRACTICE OR SANCTION SHARIA, AID JIHADISTS OR TERRORISTS, OR HAVE GOVERNMENT SANCTIONED MISOGYNY.
IOW: MOST ARAB/MUSLIM NATIONS.
IF SANCTIONS AGAINST IRAN AND RUSSIA ARE GOOD, THEN SO TOO WOULD THIS BE GOOD.