
UPDATED Today’s FR
UPDATED Governor Favors Taxing Wealthy Drivers More
The top story on the main page today is the coverage of the Governor’s remarks to the Sacramento Bee. The Governor, according to the Bee, seemed to be lamenting the fact that the sales and excise taxes on gasoline are regressive, or fixed, taxes having a greater affect on the poor. While he’s correct about this characterization of the taxes, he said, "Ideally, if we had such a thing where those that have more money paid more and those that have no money paid less or nothing, if there could be such a thing. … But we don’t. There’s no computer when you walk up to the gas station, to the pump, that automatically when you put the (card) up says, ‘OK, you have $18,000 in income a year, so you pay only this.’ That doesn’t exist." I don’t see anything "ideal" about this concept.
While, yes, the sales and excise taxes are… Read More