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GregMankiw


Who supports a higher federal gasoline tax? Environmentalists and economists

It's time to take a serious look at our country's federal gasoline tax. According to the New York Times, it's been set at 18.4 cents per gallon since 1993. This is FAR lower than any other industrialized nation. The article also points out that according to the International Energy Agency, America's overall gas taxes in August averaged just 40 cents per gallon while Britain and Germany were at $4.24 and $3.99, respectively. Over the past 13 years a lot has changed. Just look at the Consumer Price Index (CPI). It has gone up 59.4 points during ... Read more →

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