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Doug Houseman's picture
Visionary and innovator in the utility industry and grid modernization Burns & McDonnell

I have a broad background in utilities and energy. I worked for Capgemini in the Energy Practice for more than 15 years. During that time I rose to the position of CTO of the 12,000 person...

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  • Sep 9, 2021 11:30 am GMT
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Here is a piece of the $3.5 trillion infrastructure bill you will not see in the press:

"Gasoline Other Than Aviation Gasoline .— Section 4081(a)(2)(A)(i)  of the Internal Revenue Code of 1986 is amended by striking “18.3 cents” and inserting “53.3 cents”."

I guess anyone who drives a vehicle is rich, since it is only taxing the rich, according to the press articles.

 
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Richard Brooks's picture
Richard Brooks on Sep 9, 2021

Now that's what I call a carbon tax - wow. Good catch Doug.

Matt Chester's picture
Matt Chester on Sep 9, 2021

Would be surprised if this doesn't become a significant talking point of debates before a bill is potentially passed, but I guess there are a lot of individual nuggets you can say that about-- and there are only so many sound bite spaces in the evening news!

Audra Drazga's picture
Audra Drazga on Sep 9, 2021

Yikes!  Good thing I work from home.  

Bob Meinetz's picture
Bob Meinetz on Sep 9, 2021

"I guess anyone who drives a vehicle is rich, since it is only taxing the rich, according to the press articles."

The incentive of Biden's strategy is to induce adoption of EVs, but its clumsy implementation will limit effectiveness.
The federal tax credit for EVs is in a state of flux. Most analysts believe it will be increased to $12,500, with a catch: only American-made EVs will be eligible. And because Tesla and GM have already sold more than 200,000 qualifying vehicles, few EVs will actually qualify.
The gas tax, in lieu of an overall carbon tax, is probably a necessary step. But it should have come last - after generous cash rebates ($20,000) for all EVs. Why should Tesla and GM be penalized because they had the foresight to get into the game early?

David Johnson's picture
David Johnson on Sep 10, 2021

That's going to hit my friends and I pretty hard if it passes since our hobby is hot rods and performance cars.

 

Bob Meinetz's picture
Bob Meinetz on Sep 12, 2021

As the owner of a classic car myself, David, I can empathize. As we increasingly bump up against the limits of our planet to absorb our wastes, however, what were once simple pleasures have become luxuries.

Global warming is hitting people I'll never know pretty hard, too, and driving my car is  a hobby that I'm enjoying at their expense.

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