Gasoline tax proposal neither a new idea nor a very good one. (petroleum industry) (column)

The Oil Daily | July 23, 1987| | Copyright

Gasoline Tax Proposal Neither a New Idea Nor a Very Good one

THERE seems to be a growing sense on Capitol Hill -- even among some who could be considered friends of the U.S. petroleum industry -- that a relatively simple way to help resolve this nation's horrendous fiscal deficit is to pass a gasoline tax.

It's not a new idea.

Nor a particular good one.

Why? In part, of course, because the gasoline tax has traditionally been a vehicle solely for highway construction until very recently when Congress decided some of it should be dedicated to ...

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