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Old 05-07-2008, 03:33 PM
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Default O/O Opinions on Fuel Tax Holiday

Call it a Blessing or call it a Quick Fix, I think it will really help the O/Os who've been struggling to get their feet back under them again.

Opinions?
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Old 05-07-2008, 04:14 PM
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LOL. How much will come off the pump price? 21 cents a gallon?

If that makes the difference between making money and going broke, I don't know what will help them.

I think the tax holiday is a joke.
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Old 05-07-2008, 05:31 PM
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Hey- that's $72 off a full 300 gallons (yes, I know, the most I've ever put in at one time is 225 gallons).

Still, better than nothing. That's the difference between California fuel prices and fuel in Indiana.

Plus, some states are considering rolling back their fuel taxes for the summer.
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Old 05-07-2008, 05:39 PM
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Okay I will admit that the reduction of the fuel price by a few cents of the tax will not make a big difference in the bottom line, HOWEVER, it will provide a slight amount of relief. After all the government raised more money in TAXES last year than the profit of all the oil companies put together.

Exxon Mobil's profit on a gallon of Gasoline last year was a whopping 9.5 CENTS per gallon. Sure lets steal their profits with a tax and give us a rebate. Like that will make a difference. :roll:

Shouldn't we point the blame at the enviromarxists who have prohibited any electric power plants being built from nuclear or coal. Only FORTY PERCENT of the oil in the US is used for motor fuel. A lot is used for so called clean heat and electricity. This is a self fulfilling prophecy on the part of the stoneagists since pollution in the atmosphere reflects heat from the sun back into space. Clean pollution free power CAUSES global warming, and not because of the carbon dioxide HOAX.
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Old 05-07-2008, 05:39 PM
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I think it could boost their arguement for tolls on existing interstates. What needs to be done is use the tax revenue to rebuild and improve the infrastructure instead of siphoning it off for other projects :wink:
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Old 05-07-2008, 06:34 PM
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Tell you what - if 21 cents isn't a big deal, lets jack it up another 21 cents and see who does and doesn't complain.
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Old 05-07-2008, 06:40 PM
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Come on guys, They'll simply raise the price of fuel to cover the taxes, and continue business as usual.
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Old 05-07-2008, 07:47 PM
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There's a difference between a fuel tax holiday and a windfall profits tax. Hillary is talking about imposing a windfall profits tax on the oil companies to "pay for" a temporary suspension of the fuel taxes. I'm just talking about the suspendng the fuel taxes over the summer. It's related but not equivalent.
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Old 05-07-2008, 07:49 PM
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Can someone please explain how a fuel tax holiday works? After all, those fuel taxes are used to offset the highway use taxes. As far as I can see, you'll end up paying the taxes anyway, whether you pay them at the pump or not.

Am I just not looking at this correctly? :? It seems to me that if the states really wanted to help the truckers, they would do something about the highway use taxes. :roll:
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