Posts tagged as:

gas

Tax Breaks for Big Oil Back In the News

9 May 2011

The soaring price of gasoline is definitely attracting some attention these days. According to the most recent data available, it will cost you, on average, $1.065/gallon more to fill your tank this year than at the same time last year. Considering that the typical American drives 13,476 miles per year, that means that we’re spending [...]

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Is a Tax by the Mile Coming Down the Road?

6 May 2011

This week, a proposal to tax cars by the mile seemed to take the country by surprise. But, yawn, it’s actually so 2009. Two years ago, a “tax by the kilometer” was made law in Holland. At the time, it was fun to speculate which country might be next (Germany had interest in the concept), [...]

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Senate: Oil and Gas Industry Tax Breaks Remain

16 June 2010

The Senate failed to say no to $35 billion worth of tax breaks for the oil and gas industry on yesterday. I know, double negatives. But that’s the easiest way to describe it. You see, Senator Bernie Sanders (I-VT) introduced a provision that would have limited write offs for drilling expenses, eliminated a tax deduction [...]

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Gas Tops $4/Gallon, IRS Finally Ups Mileage Rate

23 June 2008

It cost me nearly $50 to fill my tank this week – $50! And I drive a pretty fuel efficient car. Gas in my home town has hit $4.25/gallon for plain old standard gas. Yuck. Gas prices are just climbing and climbing. At least there’s a small break: the mileage rate for business miles has [...]

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Fun Friday Wraps Up and We’ve Concluded: Gas is Expensive!

23 May 2008

Fun Friday has wrapped up on the channel – there are lots of great posts about the price of gas and how it affects each of us. I hope you take the time to check out them out! How Many Miles to the Gallon is That? http://www.doingbizabroad.com/how-many-miles-to-the-gallon-is-that Toll Hopping at the Pump http://www.talkstocktrading.com/toll-hopping-on-the-weekend/ How Much [...]

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Who Gets the Gas Face?

12 May 2008

Have you ever heard of the “gas face”? Tisa, over at Talk Stock Trading, refers to a gas face as “a somewhat stressed look of displeasure induced by the pumping of expensive gas.” Yeah, we’ve all seen it. Since there’s been some interesting discussion on taxgirl.com about the gas tax (or gas tax holiday), I [...]

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The Holiday Gas Tax Doesn’t Make Sense Or Why 200 Economists Can’t Be Wrong

6 May 2008

Interesting commentary on CNN about why the gas tax doesn’t make sense and why it won’t pass. Pay particular attention to the projected savings to taxpayers. I had not previously heard the totals (other than from Obama) and it really is nearly inconsequential. The savings for the entire summer per family is estimated to be [...]

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Would a Gas Tax Holiday Help… or Hurt?

30 April 2008

Both McCain (GOP) and Clinton (Dem) have called for a temporary suspension of the federal gas tax – or a gas tax holiday – for the summer in response to higher gas prices. Obama has so far not endorsed such a move. There is currently a 18.4 cent federal tax imposed on each gallon of [...]

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Gas Prices Killing You?

16 April 2008

You can pray for McCain’s gas tax holiday. You can walk more. You can carpool. Or you can consider not driving a car that takes $100 in gas to fill up… After my post about going green, a reader – and fellow attorney – sent me a link to a memo that he prepared on [...]

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The Greening of the Senate

20 June 2007

From the popularity of Al Gore’s uber-Power Point “An Inconvenient Truth” to the explosion of hybrid and energy efficient vehicles, the US population is paying more attention to the environment. And Congress is finally catching on (well, sort of). One of the driving forces behind the interest in going green is the increase in oil [...]

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