Word: taxing
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Dates: during 1980-1989
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Still, supporters of a gas-tax increase say it has emerged as the best option for cutting the deficit. Each 1 cents per gal. would bring in $1 billion in annual revenue, according to a widely used rule of thumb. Rostenkowski last month suggested a 15 cents-per-gal. increase but would probably settle for less. To ease the burden on low-income motorists, Rostenkowski would provide them with income tax credits. Says Rostenkowski: "I don't think it's as regressive as people make it out to be." Advocates of the tax also point out that by throttling back...
...proponents have assembled no real constituency. "This is not a tax that is very popular back home, but what tax is?" says Representative Anthony Beilenson, a California Democrat who since 1985 has introduced two bills to raise the gasoline tax. Both have gone nowhere. The undaunted Beilenson plans to try again in 1989. "The math just calls out for taxes," he says, "and this is one of the simplest ones around." Says John Gore, a Washington representative of British Petroleum: "Nobody's pushing for a higher gas tax, but it seems to have a life...
Opponents are well-organized and vigorous. FUEL, which represents 800 diverse associations, last month launched a congressional letter-writing campaign to head off the tax increase before it gains momentum. Participants ranged from the American Ski Federation, which fears a falloff in resort business if Americans drive less, to the National Association of Manufacturers and the National Urban League...
...practically everybody. When California Democrat Glenn Anderson introduced a House resolution opposing any increase last year, he quickly picked up 122 co-sponsors. Anderson plans to offer the nonbinding measure again this week. Says a congressional staffer: "The idea is to send a signal that increasing the gas tax is not the easy...
...based forecasting firm, a 10 cents-per-gal. increase would accelerate inflation by about one-third of 1% and cut GNP by $10 billion, or one-fifth of 1%. The firm estimated that the slowdown in growth would lead to 80,000 layoffs in the first year of the tax increase...