Fall 2005 Tax Watch
The latest Tax Foundation publication “Tax Watch” has just been released. The pdf online version is available here. While the publication covers many subjects what is particularly interesting is it looks like the Hawaii no longer has the distinction of having the highest gas taxes in the nation, having been surpassed by New York.
New York - $62.9 per gallon
Hawaii - $60.1 per gallon
So now we are number 2. Yeah!
It isn’t clear whether this includes the 4 percent GE Tax. What is signifcant is the tax burden is still greater than the price swings we have been experiencing since the implimentation of the wholesale Gas Cap.
As an aside, the shortages at gas stations predicted by economists are already consistently appearing, as this article in one of our daily newspapers documents. Not only that, people are get stranded on the road trying to make it until the next projected drop in prices.
The supporters are still claiming “success”! How much economic damage and inconvenience do we have to suffer before they will admit the truth?
(dn)
October 19th, 2005 at 1:42 pm
I am convinced the people who made this ridiculous law are going to claim success even if the cost of a gallon of gas goes to over $4.
If I had a dollar to bet, which I don’t because it went toward the 17.9 million it has costed us since the law went into effect. The HI GET is not included in that 60 cents a gallon.
Thank you