5/02/2006

A thought on the $100 tax cut to make up for high gasoline prices

The issue appears dead right now (and that is all to the good), but there is still one important point that could be made in partial defense of the Senate plan that got some attention for a few days. The alternative to giving everyone $100 tax cut would presumably have been to cut gasoline taxes for some period of time. My one concern is that, as any economist knows, the price of gasoline would have fallen by less than the decline in taxes. The problem would have been all the even stronger calls for more regulation because that smaller decline in the price woul have been seen as evidence of collusion by the oil companies.

2 Comments:

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2/18/2008 7:45 AM  
Anonymous Anonymous said...

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, Unfiled Returns, Missing Records, Threat of Levy, or, if you need an Installment Agreement or an Offer in Compromise A tax levy or (Wage levy)garnishment or attachment are all the
same thing. The terms may be used interchangeably. A wage garnishment or levy may be against any asset. In the enforcement of tax collections. We prepare all Federal and State Unfiled tax Returns The Fair Tax Act (HR
25/S 1025) is a bill in the United States Congress for changing Tax Solutions laws to replace the Internal Revenue Service (IRS) and all federal income taxes (including Alternative Minimum Tax),Past due tax returns, Past due tax returns, Past due returns, Past due taxes, Unpaid tax, Tax negotiation, Robert M. Adams, Bob Adams, layouts myspace, myspace glitters, myspace comments

2/18/2008 7:48 AM  

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