Legislative leaders have signaled a desire for a complete phase -
out of the fuel tax in the coming years, making airlines and airline passengers big winners for sessions to come.
Not exact matches
The major indices once again reached new all - time highs this week, and stocks are enjoying a historic winning streak
fueled by solid earnings from market - leading stocks, the perceived benefits
of tax reform and «FOMO» (Fear Of Missing Out
of tax reform and «FOMO» (Fear
Of Missing Out
Of Missing
Out).
And while doing these big, country - changing things, we are doing everything possible to help people who are struggling with the cost
of living: helping to freeze council
tax for three years in a row; freezing
fuel duty; cutting the income
tax bills
of 24 million taxpayers; taking two million
of the lowest paid
out of tax altogether.
The AA and RAC have been quick to point
out that
tax as a proportion
of fuel prices has climbed in recent years and a rise could mean it creeps above 80 %
of the overall cost once VAT is included.
Funding for the RTP portion
of MAP - 21 comes from a portion
of the motor
fuel excise
tax collected across the country from non-highway recreational
fuel use in snowmobiles, all - terrain vehicles, off - highway motorcycles and off - highway light trucks, and comes
out of the Federal Highway Trust Fund.
On the very night that current President Dilma Rousseff gave the closing speech
of the Rio +20 conference in June — the final agreement
of which promised to phase
out fossil -
fuel subsidies — the government said it would be reducing a federal
fuel tax to zero.
The awards, which are given
out annually, consider eight major areas
of expense — financing,
fueling, maintenance, repairs, insurance, fees and
taxes, depreciation, and opportunity cost — and analyze 28 different life cycle cost scenarios to yield an accurate picture
of each vehicle's true total average cost.
Low
fuel prices have some buyers eyeing bigger cars and trucks, but savvy owners know plentiful gas isn't forever and many parts
of the world will
tax the heck
out of fossil
fuels out of concerns over global warming.
When factoring in the
tax credit with price, mileage, and cost
of fuel, the gas - powered Bimmer beats
out the clean diesel on economics — but not by much.
Unfortunately, this ticket comes at a steep price — not only would you dish
out 85,000 miles one - way (or 170,000 miles per round - trip or), but also over $ 400 - 800 in
fuel surcharges and
taxes, and
fuel surcharges would be the biggest part
of the fees.
Norway is cutting consumption by
taxing the heck
out of fuel even though they have North Sea oil to pump.
They have done honorable work — largely figuring
out how to cushion coal - state consumers and carbon - intensive industries from rising fossil
fuel costs in a carbon constrained world — but the fruits
of their labor have been demonized by the opposition as «cap and
tax,» Rube Goldberg, etc..
The price
of gasoline, and
of liquid
fuel made from coal, would reflect the carbon
tax, which would pay the cost
of taking that carbon back
out of the atmosphere.
So it turns
out that the answer to our confusion (see earlier post)
of how the government proposed to hike up
taxes and keep
fuel prices even was that they would adjust the base
fuel price downward, predicated on the recent plummet
of global crude prices.
Some
of the policies examined include the B.C. carbon
tax, Ontario's Green Energy and Economy Act and phase -
out of coal - fired power, Quebec's and Nova Scotia's regulatory cap on emissions, public transit strategies in Ontario, and federal
fuel - efficiency standards for cars.
Does anyone seriously think that China, India and Brazil are as gullible and superstitious as the average Western - educated, flip flop - wearing science astrologers that are taking government grants to spin doomsday tales about evil American businesses causing a climate Armageddon as an excuse to ramp up
taxes on all factors
of production to
fuel an
out -
of - control Leftist - liberal government grown too big to fail?
If it's 0.8 degC warmer in 2030 and we are 30 years away from possible catastrophe, the carbon
tax should have risen to levels that eliminate the rule
out the use
of fossil
fuels for electricity and most transportation.
• Kyoto Protocol • EU ETS • Australian CO2
tax and ETS • Mandating and heavily subsidising ($ / TWh delivered) renewable energy • Masses
of inappropriate regulations that have inhibited the development
of nuclear power, made it perhaps five times more expensive now than it should be, slowed its development, slowed its roll
out, caused global CO2 emissions to be 10 % to 20 % higher now than they would otherwise have been, meaning we are on a much slower trajectory to reduce emissions than we would be and, most importantly, we are locked in to fossil
fuel electricity generation that causes 10 to 100 times more fatalities per TWh than would be the case if we allowed nuclear to develop (or perhaps 1000 times according to this: http://nextbigfuture.com/2011/03/deaths-per-twh-by-energy-source.html • Making building regulations that effectively prevent people from selling, refurbishing or updating their houses if they are close to sea level (the damage to property values and to property owners» life savings is enormous as many examples in Australia are already demonstrating.
But states often serve as laboratories
of democracy, and a successful carbon
tax in Massachusetts could help to broaden support for a national or even global carbon pricing system — if powerful fossil
fuel companies like ExxonMobil get
out of the way.
Only after incurring a succession
of monetary losses or anticipated losses from the «sin»
tax or increased price do «appetites» for fossil
fuel use diminish: consumers, as they have limited monetary resources, figure
out for themselves the trade - off in monetary terms
of one set
of appetites for another and start choosing the higher benefit - to - cost satisfactions.
The Koch brothers — major Republican donors whose sprawling empire
of fossil
fuel - related industries has made them billionaires — have cheered on the fossil
fuel - friendly moves that Republican Congress and the Trump administration have undertaken, from an attempt to kill rooftop solar in the recent
tax bill to a solar tariff that could slow solar adoption to going ham with offshore drilling to pulling
out of the Paris climate agreement.
More to the point, when this GW scam is finally exposed, who's going to pay me back the literally hundreds
of thousands which I've already paid
out in «environmental»
taxes — mainly
fuel tax?
The unpopularity
of the BC carbon
tax — which, Jones points
out, boosted
fuel costs when oil prices were at a record high — could put a similar crimp on the provincial party.
See chapter 9
of my early 2012 ebook Gaia's Limits for a much longer and more detailed rationale based on chapters 5 - 8, plus working
out general economic «least harm» consequences if the
fuel tax increase is ramped over time.
Of course we should zero
out tax breaks, lease loopholes and other giveaways to the fossil
fuel industry, along with the bloated and unsupportable ethanol mandate.
The first item is the plea on page 13 to Soviet - style manipulation
of the marketplace, namely, to
tax fossil
fuels out of existence so that solar and wind could become competitive; moreover to put these piddle - power sources «on an equal footing with nuclear.»
I know that the present Australian government considers rain to be a pollutant, like CO2, hence our upcoming carbon
tax, that will seek to phase
out all combustion
of fossil
fuels (which generally produce CO2 to H2O in ratios between 2:1 or close to 1:1).