The Economics of Pollution Taxes:
The current federal sales tax specifically on gas is $0.184/gallon. Additionally, purchasers of gas in Iowa pay a state sales tax of $0.305/gallon. For comparison, the sales tax on gas in England is $3.44/gallon (Source: taxfoundation.org, 2018). Should the various levels of American government increase their pollution taxes on gasoline? Analyze this issue using the following format:
1) In paragraph one, evaluate at least one argument in favor of our government increasing its pollution tax on gasoline. You must include at least one outside source, using in-text citation (author, website, date).
2) In paragraph two, evaluate at least one argument against our government increasing its pollution tax on gasoline. You must include at least one outside source, using in-text citation (author, website, date).
3) In paragraph three, justify your position on the US government increasing its pollution tax on gasoline. Be sure to reflect on one of the four criteria for tax fairness (ability to pay; efficiency; simplicity; benefits received) in your explanation.
This assignment is due by 12:55 pm on Thursday, May 2.
ReplyDeleteShould the government raise taxes on pollution on gasoline. On of the benefits of raising the gas prices is according to Tejvan Pettinger “ raises in revenue means we can spend more money on helping pollution”. So raising the prices in taxes mean that we can help bring down us in gas powered cars as well as pay for new more efficient ways so the beinfi if the environment happens with rise in pollution tax.
But many people are not fond of the idea of raising pollution taxes for many reasons. Tejvan Pettinger says the main thing people have a problem of rising pollution is increase in cost and economic decline due to lack of sales. So many people prefer the lower tax on pollution because they don’t want an increase in gas prices. So as there is benefits in raising prices in gas there's many negatives as well that will affect the economy.
So in conclusion I agree with we shouldn't increase the price because we are already headed in the right direction when it comes to improving the environment. I also feel if the taxes were to be raised not much of the money would go back to the environment seeing how the republican standpoint on the environment over business as well so i stand with keeping the taxes lower.
I agree with your side I think that raising the gas prices would do much more negative than positive. I don't think it would help the environment much at all just with a simple tax on gas.
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