Is Now the Time to RAISE the Federal Gas Tax?
Neil Cavuto: Gas jumping to yet another record. It’s up more than a dime in one week! Taxes play a big role in the price of gas, so why is someone here saying we need to RAISE the gas tax? Joining us is FOX Business Network’s Dagen McDowell. We’re glad to have her, but it could be her last show. You see, Dagen is the one saying we need to hike the gas tax! Dagen, explain yourself. Dagen McDowell: Gas in this country is too cheap. We use too much of it. We import nearly three-quarters of the oil that we use from overseas. So, you tax gas, tax it high, and cut demand. Then, you can cut taxes somewhere else. Neil Cavuto: You watch CNN, don’t you? Dagen McDowell: No! (LAUGHTER) Dagen McDowell: I am dead serious about this! I have been saying this for a really long time. Neil Cavuto: There is a hammer and a sickle on your forehead. Dagen McDowell: What about mass transit?? You build up mass transit and develop alternative fuels. When you tax gas, you don’t put a burden on just one industry.
