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re: Short quick fix for LA budget deficit

Posted on 2/16/16 at 7:43 am to
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71703 posts
Posted on 2/16/16 at 7:43 am to
quote:

Since oil / gas prices are unusually low right now, implement (by a public vote) a 20 cent per gallon tax that automatically stops in 1 year. In BR, that would bump gas from 1.38 to 1.58 gallon. The kicker is that it goes away in 365 days!



Should the excise tax be bumped up a cent or two? Probably, it's been stationary for well over 10 years. Bumping it up 20 cents a gallon is insane.
Posted by TigerBait1127
Houston
Member since Jun 2005
47336 posts
Posted on 2/16/16 at 8:03 am to
quote:

Should the excise tax be bumped up a cent or two? Probably, it's been stationary for well over 10 years. Bumping it up 20 cents a gallon is insane.


Yea, but bumping it up to the national average should be looked at as a SHORT TERM option, among others, until we can change the Constitution (which won't happen).

The US average is 47.99c/gallon (all taxes combined). Louisiana is close to the lowest at 38.41.

Long term revenue sources with better returns to the tax payer need to be sought after, while also cutting an enormous amount of spending. Can't do that until the Constitution is amended.

And judging by this board and the state and national population, I see little hope of the 2 parties putting their dicks away and doing their actual jobs.
Posted by Supermoto Tiger
Baton Rouge
Member since Dec 2010
9963 posts
Posted on 2/17/16 at 5:49 am to
quote:

Should the excise tax be bumped up a cent or two? Probably, it's been stationary for well over 10 years. Bumping it up 20 cents a gallon is insane.

It is a short term 365 day fix. Along with appropriate cuts, it could fix the current year budget problem. But, it goes away on day 366.
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