Guest Post: Roadways And Taxes

It’s time for guest posts! Today, Charles W. Horn III of the Commonwealth Trust Company, considers how to pay for all of those cars on the roadways. Should it be more taxes?

Which State Pays Most In Gas Taxes?

Former GM exec Bob Lutz acknowledged that Americans wouldn’t embrace an increase to the federal gas tax – and he was right. There was a lot of reaction to my piece yesterday on Lutz’ recommendation that the federal gas tax be raised in 25 cent increments until gas prices reached $6 or $7 per gallon at the pump. As I read through the comments, however, I was struck by the divisive nature of the debate. Clearly, as outlined in your comments, how you feel about the issue is influenced by a number of factors including how much you drive and …

Former GM Exec Bob Lutz Suggests Higher Gas Taxes Would Help Americans

Americans are addicted to gasoline, according to retired General Motors Vice Chairman Robert A. Lutz, and there’s only one cure: higher gas taxes. Lutz, who held positions at GM, BMW, Ford and Chrysler before returning to GM in 2001 spoke to a crowd earlier this month at the SAE (Society of Automobile Engineers) 2013 World Congress in Detroit. The annual conference attracts a wide range of experts in the automotive and tech industry: in 2012, over 9,000 attendees the SAE World Congress with the theme “Get Connected.” This year’s theme was right up Lutz’ alley: “Achieving Efficiency.” At GM, Lutz …

Will BP Arrest Change Taxpayer Sentiment About BP’s Billion Dollar Losses?

There are some moments that you remember with perfect clarity. For me, it was the day that my daughter asked me why the birds couldn’t breathe. That day was in June 2010, a month and a half after the April 20 blowout on an oil rig in the Gulf of Mexico. My oldest daughter, now age 9, saw birds covered in oil on the front of the Philadelphia Inquirer and she cried. As a parent, it took me a bit to figure out what to say to her. I think I said all of the right things. I hope so, …

Obama Rejects Pipeline Tied to Payroll Tax Cut Deal

It is, in fact, true that the Republicans are moving ahead with plans to tack on the Keystone XL pipeline as part of a package to extend the payroll tax cuts for next year. It is equally true that President Obama is not happy about this turn of events and has threatened to block any such effort. Obama said, about the plan, “If the payroll tax cut is attached to a whole bunch of extraneous issues … then it’s not something that I’m going to accept. I don’t expect to have to veto it because I expect they’re going to have …

Who Stole the Green Movement?

Today, more than 500 elementary school students in our local public school hauled recyclable bags filled with more recyclable plastic bags to school to mark America Recycles Day. Our green clubs are counting the bags – we already know that one kindergarten class brought in nearly 2000 – and putting them aside to reuse (for our school book sale), repurpose (we’re making tote bags and other crafts) and recycle. It’s important to me that our kids understand the importance of reusing, repurposing and recycling plastics, glass, paper and other goods where possible. It’s something that I learned as a young …

Heat Wave Sweeps U.S., Reminds Taxpayers of Value of Energy Credits

Man, it’s hot. It’s like Africa hot. Tarzan couldn’t take this kind of hot. – Matthew Broderick as Eugene Morris Jerome in Biloxi Blues And I’m in Philadelphia. There’s an enormous heat wave stretching across the country right now. Some form of heat advisory, heat warning, or heat watch has been issued for the nearly 2000 mile stretch from Massachusetts to Oklahoma. CNN reported that there were 55 record highs reached on Wednesday and 60 records were tied. I get it. It’s summer. It’s supposed to be hot. But not this hot. Many of us – my household included – …