One of the troubles with viewing
the gas tax as a de facto carbon tax is that the standard interpretation of the state constitution is that it requires gas tax revenues to be spent on roads.
According to an article in The Western Journal written by Michael Bastasch, Inhofe described Trump's proposed
gas tax as «wishful thinking»: [65]
You are probably not going to see any elected politician suggesting
a gas tax as long as gas prices are going up.
GM's Marry Barra pointed out that our planners need to think about where the future of EVs fit into the picture, ranging from charging stations to funding the infrastructure bill via
a gas tax as these vehicles become more prevalent.
Pennsylvania Representative Bill Shuster, the chairman of the House Transportation and Infrastructure Committee, has encouraged his Republican colleagues to consider raising
the gas tax as a way to keep the Highway Trust Fund — which funds road, bridge and transit projects — solvent after 2021.
Not exact matches
Other changes included a price cut on the company's rear wheel drive 70 kWh version of Model S, and the new offer of a «Ludicrous Speed Upgrade» for the 85 kWh, all - wheel drive Model S called the «P85D» — the company's most expensive model at $ 105,000 before
tax incentives and
gas savings
as estimated by Tesla.
Low natural
gas prices, combined with changes in the provincial
tax regime, probably deserve
as much credit
as the worldwide economic downturn for the carnage that has subsequently ensued, with at least 40 B.C. resort and condo developments in creditor protection or receivership, according to Jurock.
Petronas acknowledged the B.C. government has «brought resolution to key policy matters,» such
as establishing a
tax regime for LNG firms, detailing offsets for greenhouse
gas emissions and gaining support from First Nations.
While lower crude prices mean cheaper gasoline in the U.S., which should spur demand, that's not so much the case in other countries, where
taxes represent a higher portion of the cost of
gas (
as in Europe).
In addition to
tax changes (more on that below), Trump's plan to grow the economy focuses largely on generating more jobs in the fossil fuel economy (in coal and onshore and offshore drilling for oil and
gas) and
as a result of new infrastructure projects.
As someone who likes the sea levels where they are, I find
taxing greenhouse
gas emissions compelling, like
taxing cigarettes, which reduced smoking, extended lives, and increased revenues.
Investment in Canada's oil and
gas industry is expected to fall again this year
as higher
taxes and regulatory uncertainty persuade investors to spend elsewhere, says the head of a group that represents Canada's oil and
gas industry.
A Prius takes up just
as much of the road — and causes just
as much rush - hour congestion —
as a
gas - burner, but pays a fraction of the
gas tax.
But I think it goes beyond something
as simple
as the
gas tax.»
According to Hamm, he's happy assisting Trump from the sidelines, and is optimistic about America's oil and
gas industry under the new administration, which he sees
as less regulation happy — particularly around fracking — and less
tax happy.
If a consumer is saying that their costs are going up by 4 per cent because of carbon
taxes,
gas prices, and so on, you have to ignore that
as you do your work around trying to set an interest rate.
If that were the case, an added
gas tax may not have
as many negative implications at the pump
as some may think.
House Speaker Paul D. Ryan of Wisconsin is among the Republicans from outside California who have contributed to the campaign to repeal the state's
gas -
tax increase, showing the effort has national interest from GOP leaders who see it
as a way to boost their party's chances in the Golden State for this year's election.
China has cut resources
tax on shale
gas production by 30 percent from April 1, the Ministry of Finance said on Tuesday,
as the world's largest energy consumer aims to Continue Reading
Before The Donald was sworn in
as President, there was angst in downtown Calgary about the potential for Canadian oil and
gas to be
taxed heavily at the border
as part of an anti-trade wave.
As an aside, those who believe that the province should simply «take back Translink» as a crown corporation (or similar) should understand that in practical accounting terms this would also involve taking on Translink's multibillion dollar debt (supported as it is by ridership fees, gas taxes, etc.), and that this would almost certainly immediately denigrate the province's AAA credit ratin
As an aside, those who believe that the province should simply «take back Translink»
as a crown corporation (or similar) should understand that in practical accounting terms this would also involve taking on Translink's multibillion dollar debt (supported as it is by ridership fees, gas taxes, etc.), and that this would almost certainly immediately denigrate the province's AAA credit ratin
as a crown corporation (or similar) should understand that in practical accounting terms this would also involve taking on Translink's multibillion dollar debt (supported
as it is by ridership fees, gas taxes, etc.), and that this would almost certainly immediately denigrate the province's AAA credit ratin
as it is by ridership fees,
gas taxes, etc.), and that this would almost certainly immediately denigrate the province's AAA credit rating.
He has also worked
as an equity analyst covering basic materials and industrial stocks,
as a venture capitalist in Prague, and
as a
tax consultant advising on numerous M&A, real estate, and oil and
gas transactions.
Alberta would still have a significant advantage over our prairie neighbours,
as we have vast oil and
gas deposits, low personal income
tax, and no provincial sales
tax.
«The loss of significant offshore oil and
gas tax revenues
as the North Sea runs down will have a big impact on our economy, jobs and balance of payments, with significant increases in household energy bills — and a very adverse impact on the legacy for future generations in an independent Scotland,» he told EnergyVoice.com.
«
As US Senator, I will vote to repeal the Obamacare
tax, to let businesses create well - paying jobs, and get our economy back on track so that New Yorkers can feed their families, fill their
gas tanks, and pursue their dreams for themselves and their children.»
Since the three main Westminster political parties all endorse the conclusions of Sir Ian Wood's recent review on how to maximise the economic recovery of oil and
gas from the UK Continental Shelf (Search for UKCS Maximising Recovery Review Final Report, here), and its tacit underlying fiscal premises (namely that there is a need for a simplified fiscal regime to incentivise investment and drilling activity,
as well
as to ease the burden upon the new regulator of the upstream sector), it does not take the gift of prophecy to appreciate that the ultimate outcome of this subsequent review on the shape of the UK fiscal regime seems foreordained; namely, a return to the situation that prevailed before the introduction of SC, whereby the only levy on income from oil and
gas fields is to be Corporation Income
Tax at the standard rate levied on the likes of Starbucks and Amazon.
The protestors called upon Cuomo to support 100 % clean energy
as soon
as possible (Hawkins supports a target date of 2030); a ban on new fracked -
gas / fossil - fuel infrastructure; and a state carbon
tax.
She assailed Cuomo on issues such
as campaign finance reform,
tax cuts for corporations and the possibility of natural
gas hydrofracking, which Cuomo later banned.
A new campaign finance report reveals that some oil and
gas companies that got a special
tax break from the GOP
tax bill donated to the House's top
tax writer, even
as Congress was finalizing the legislation.
The proposal includes a $ 55
gas and sales
tax refund to taxpayers, and
tax breaks for retired teachers,
as well
as the expansion of rental subsidies for seniors, housing for homeless veterans and an expansion of early childhood education.
Though Deputy Senate Majority Leader Tom Libous, R - Binghamton, didn't exactly close the door on a millionaires
tax in a radio interview last week (Libous said he would be open to other sources of revenue if the high - volume version of the controversial but potential lucrative natural -
gas extraction process known
as hydrofracking isn't allowed) DeFrancisco said GOP lawmakers in his chamber would continue to oppose any
tax increases or attempts to sustain a surcharge.
Texas:
As of November 2015, state
tax revenues from oil and natural
gas production plummeted 48 % and 51 %, respectively, versus a year ago, according to the state comptroller of Texas.
At a news conference Tuesday, Gov. Paterson was asked about
gas drilling in New York
as well
as the plan to
tax Wall Street bonuses and the charges filed against Senate Majority Leader Pedro Espada, Jr. by Attorney General Andrew Cuomo.
President - elect Nana Addo Dankwa Akufo - Addo further pledged to reduce the
tax burden on the private sector through lower corporate
tax and the removal of import duties and VAT from some items while relying on revenue measures such
as improving
tax compliance, improving the quality of public finance administration and higher oil and
gas production to finance these
tax cuts.
The U.S. Chamber of Commerce will call for increasing the federal
gas tax by 25 cents a gallon over the next five years to help pay for rebuilding U.S. roads and bridges
as part of its push for a federal infrastructure initiative this year.
The Democratic Congressional Campaign Committee launched a digital attack advertisement on Monday claiming a Republican congressional candidate in California raised
taxes and increased the costs of
gas and energy in his district
as an assemblyman.
For instance, he says, sales
tax collected from a category listed
as gas stations can be either from fuel or from convenience store items.
And that, according a just - issued report by the state comptroller, is because of the drop in gasoline prices, causing significantly less sales
tax money to be collected at
gas stations in Suffolk,
as well
as other areas of New York State.
If the anticipated growth in jobs and income in the oil and
gas industry does not occur, then the desired indirect and induced economic impacts will not occur, and local and state
tax revenues will not grow
as hoped.
She's also been an advocate for property
tax reform, she opposes high - volume hydraulic fracturing
as a method of natural
gas exploration and she'd like to take on corruption in Albany.
Two years ago, the annual gathering of the state political committee was marked by fireworks
as some of its liberal members pushed resolutions calling for a moratorium on natural
gas hydrofracking and the extension of higher income
taxes.
As a result, the things the
gas tax is supposed to pay for — roads, bridges, tunnels — are crumbling.
«Things such
as sorting out council
tax,
gas company, and so on.
Fossil fuel industries collect some $ 4 billion a year in
tax breaks and other aid, reports Taxpayers for Common Sense, a group of nonpartisan budget watchdogs — and that figure doesn't even take into account hidden forms of support, such
as the Pentagon's jet aircraft research and development that led to efficient new natural
gas turbines.
But
as the 2020s progressed, meat became increasingly unaffordable
as demand outstripped supply and
taxes on greenhouse
gas emissions...
WHILE Australia's new carbon
tax, announced last week, is a step in the right direction it is unlikely to change the country's status
as the largest per - capita emitter of greenhouse
gases in the developed world.
With more money for development of novel designs and public financial support for construction — perhaps
as part of a clean energy portfolio standard that lumps in all low - carbon energy sources, not just renewables or a carbon
tax — nuclear could be one of the pillars of a three - pronged approach to cutting greenhouse
gas emissions: using less energy to do more (or energy efficiency), low - carbon power, and electric cars (
as long
as they are charged with electricity from clean sources, not coal burning).
In response to a
tax on greenhouse -
gas emissions imposed by the Norwegian government, each year the company now removes about 1 million tons of CO2 captured
as a waste product from the natural
gas it recovers and pumps more than 99 percent of it 2,600 feet beneath the seafloor into a porous sandstone formation capped by impervious rock.
While raising
gas taxes traditionally has been viewed
as a political third rail, he said, «views change over time.
Results from the study showed indicated that with carbon
taxes set at $ 50 per ton and increased at a rate of 5 % per year would lead to a reduction in the total greenhouse
gas emission in the US by
as much
as 63 %, confirms Reilly.