A floating gas tax

|  July 07, 2009 |

Writing for the Business Insider Green Sheet, Jay Yarow has proposed an alternative to the usual sturm und drang over the federal fuels tax. Yarow’s idea is a floating  gas tax, maybe better termed as an “adjustable rate” gas tax. The idea is that the tax would come down if the price of gas or diesel at the pump rose and the tax would go up if the price went down. That way the price of fuel would remain consistent so businesses could plan and consumers could adjust.

It’s just an idea, but read the whole thing. Given that the mainstream media keep comparing Obama to FDR, I’d say the media and Obama ran out of ideas a long time ago.

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