Gas taxes and your bottom line
Many industries rely heavily on time in their vehicle, not just truck drivers and delivery trucks. Sales professionals hop in their vehicles throughout the day, as do many other types of professionals (service providers like plumbers, and so forth). For that reason, gas prices and taxes are a relevant line item that must be budgeted for 2015, but with politicians making the rounds to push for higher gas taxes, budgeting becomes more complicated.
Gas prices are down roughly 50 cents per gallon compared to a year ago, which some analysts say have contributed to more money in consumers’ pockets. Some believe that this will improve holiday sales, but others believe the timing is just right to increase federal taxes on gas. The current tax on gas is 18.40 cents per gallon, and on diesel are 24.40 cents per gallon.

Supporters and opponents are polar opposites
Supporters argue as follows: gas prices are low, so it won’t hurt to increase federal gas taxes, in fact, those funds must go toward improving our infrastructure, which in the long run, saves Americans money because smoother roads mean better gas mileage and less congestion.
Gas taxes have long been a polarizing concept, and despite lowered gas prices, the controversial nature of the taxes have not diminished.
While some are pushing for complete abolition of federal gas taxes, others, like former Pennsylvania Governor, Ed Rendell (D) tell CNBC, “Say that cost the average driver $130 a year. They would get a return on that investment” in safer roads and increased quality of life, he added.
The Washington Post‘s Chris Mooney points out that federal gas taxes have been “stuck” at 18 cents for over 20 years, last raised when gas was barely a dollar a gallon and that the tax must increase not only to improve the infrastructure, but to “green” our behavior, and help our nation find tax reform compromise.
Is a gas tax politically plausible?
Mooney writes, “So, this is not an argument that a gas tax raise is politically plausible — any more than a economically efficient tax on carbon would be. It’s merely a suggestion that — ignoring politics — it might be a pretty good idea.”
Rendell noted, “The World Economic Forum, 10 years ago, rated us the best infrastructure in the world,” adding that we “need to do something for our infrastructure, not in a one or two year period, but over a decade.”
Others would note that this rating has not crumbled in just a few years, that despite many bridges and roads in need of repair, our infrastructure is still superior to even the most civilized nations.
Regardless of the reasons, most believe that Congress won’t touch this issue with a ten-foot pole, especially leading up to another Presidential campaign season starting next year.
“I think it’s too toxic and continues to be too toxic,” Steve LaTourette (the former Republican congressman best known for his close friendship with his fellow Ohioan, Speaker John Boehner) tells The Atlantic. “I see no political will to get this done.”
Whether the time is fortuitous or not, and regardless of the positive side effects, many point to a fear of voters’ retaliation against any politician siding with a gas hike, so this matter going any further than the proposal stage is unlikely.
Lani Rosales
October 9, 2009 at 1:41 pm
@bgoheen: Really? What a FRIGGIN JOKE, this company needs a new PR company because this one’s a flop. This is the equivalent to a Realtor saying “I put $20k in cash in a bag that I will hand you at closing if you list your house through me.*”
*Seller must raise home price by $44k to qualify. Seller must be able to do a back handspring. Seller must list at least three properties within 24 hours to qualify.
wth ever. STUNT FAIL, I hope the appraisal world is listening.
Atlanta Real Estate
October 9, 2009 at 1:51 pm
In a word: WEAK.
RM
John
October 9, 2009 at 5:19 pm
Business Weeks summed it up well former subprime ceo now AMC ceo. Streetlinks just signed up Plaza Home Mortgage as its “partner.” Thats some kind of HVCC firewall between the mortgage broker and the appraiser.
Paula Henry
October 9, 2009 at 6:40 pm
Wow – it sounds like the obstacle I’m facing trying to meet the banks “short sale” approval this week. Of course we’ll approve a short sale if the buyer brings $12,000 to close and signs a new note for $47,000.
Never gonna happen!
Sid
October 18, 2009 at 5:37 pm
This performance guarantee is very useful, especially to home buyers that don’t want to get shafted by realtors and appraisers trying to jack the purchase price up on them so they can make jam more deals through and more in commissions and fees. I’d much rather have the lender turn me down for a purchase because the appraisal came in low than to find out later that I’m underwater by 50% because the appraiser, realtor and mortgage broker worked together to jacked the appraisal up and get the loan to go through.
Who wudda thunk it. Another angry realtor/appraiser complaining about a company that doesn’t let their appraisers do deals with the realtor/mortgage broker to jack up the value of the appraisal and make his commissions/fees go up. It’s complainers like you that is the reason companies like Streetlinks are going to weed guys like you out of the business. You people did it to yourself and now your going to pay the piper. You guys just don’t get it. The lender and the buyers are the ones that took the beating because of all the jacked up appraisals you people did to pad your wallets. And now you complain because you want to put more risk on the lenders and home buyers.
Steve
December 2, 2009 at 12:13 am
Wait!…let me get this right…it’s, as you say, “The lender and the buyers are the ones that took the beating…” That’s the story?! Whoa…the LENDERS took the beating. Those poor innocent b*st*rds… Yikes…I guess I’ve NEVER heard that it was the appraisers who caused this mess…at least not to the exclusion of the Lenders being culprits too. Dude, you’re a GENIUS! (or maybe you’re a lender…unlikely that you’d be both lol)
Ben Goheen
October 19, 2009 at 1:59 am
“Sid” – How exactly do appraisers inflate the purchase price of a home? I didn’t realize that was something I could do. Also, basing appraisal fees on the value of a home is illegal. Higher fees can be charged for complexity, size, etc. but not the loan amount.
Nevada Rent To Own Homes
October 28, 2009 at 6:20 am
@Sid: Totally agree on that those who asked for greater appraisals led to the companies like Streetlinks become a growing threat to rest of us.
Maria
December 7, 2009 at 11:56 am
So Sid, you think an officer of a dishonest, failed mortgage company would be a good CEO of an Appraisal Management Company? Good standards and ethics there right?
mister d
August 25, 2010 at 11:22 am
Lets take a look at Steve Haslams career. Started at First Financial, then went to CITI, then went to Landsafe (Countrywides AMC), then he ends up at Novastar as Reatil lending VP. Nothing but a miserable trail of mortgage failure and corruption follows this 4 time loser.
Vicki H.
January 13, 2012 at 2:22 pm
Street Links is a joke, I was suppose to close a real estate deal today and because of Street links incompetence of knowing their own software or not giving a crap, it's not closing, they have had the appraisal reinspection report since Wednesday at 11:00 and can't get it to bank underwriters, seriously, this is not the way to do business, they have tarnished the reputation of the lending broker, the bank, Flagstar and the real estate agents involved in this deal because they can't manually go into system change name/number on appraisal and send it on to the underwriters at the bank, come on we have a legal bindsing contract and they can't do it the old-fashioned way and fax it, overnight it or whatever they have to do to ensure the contract conditions are met, ridiculous! Then you wouldn't believe the questions they ask, how come there are no comps within a mile radius, well duh it's out in the country, it's an acreage! How can someone sitting behind a desk in Indiana know the first thing about the market here in Omaha, NE? third Party appraisal companies is NOT the solution, no wonder the public is afraid to get a loan if they have to deal with this?