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Top Romney Adviser Wants $2.00 Plus Hike in Gas Tax
EconomicPolicyJournal ^ | March 6, 2012 | Robert Wenzel

Posted on 03/06/2012 1:52:55 PM PST by MulberryDraw

As the price of gasoline soars, top Mitt Romney adviser, Harvard economist Greg Mankiw sticks to his guns and calls for a hike in gasoline taxes. In a recent blog post, Mankiw points to a WaPo column which states:

N. Gregory Mankiw, former top economic adviser to President George W. Bush and current adviser to Republican presidential candidate Mitt Romney, also backs a stiff gas tax increase... In a New York Times column this year, Mr. Mankiw offered a tax overhaul that might include a gas tax “exceeding” $2 per gallon.

A significant portion of such a tax ultimately may land on oil producers, which means it cuts back on supply and exploration and, in a feedback loop, smacks the consumer right in the wallet.


TOPICS: Business/Economy; Politics
KEYWORDS: economy; elections; gasoline; gasprices; romney; romneytruthfile
Newt wants $2.50 a gallon gas. Romney adviser wants additional $2.00 a gallon gas tax. So Republicans vote for Romney. Sigh.
1 posted on 03/06/2012 1:52:59 PM PST by MulberryDraw
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To: MulberryDraw
A significant portion of such a tax ultimately may land on oil producers, which means it cuts back on supply and exploration...

BS. The demand for gasoline is very inelastic, hence any shift in the supply curve in an attempt to pass the tax along will fall disproportionately higher on the consumer. Gees...and this guy's a Harvard Ph.D.?

2 posted on 03/06/2012 1:58:58 PM PST by econjack
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To: MulberryDraw

Bump


3 posted on 03/06/2012 2:00:39 PM PST by lowbridge (Rep. Dingell: "Its taken a long time.....to control the people.")
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To: MulberryDraw

Romney will not govern any differently than Obama


4 posted on 03/06/2012 2:02:04 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: econjack

Companies collect taxes (from customers), that is how we always end up paying it. Do they think companies have another source of funds?


5 posted on 03/06/2012 2:04:31 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: MulberryDraw
Newt wants $2.50 a gallon gas. Romney adviser wants additional $2.00 a gallon gas tax. So Republicans vote for Romney. Sigh.

We're not called the "Stupid Party" for nothin'.

6 posted on 03/06/2012 2:07:12 PM PST by Servant of the Cross (the Truth will set you free)
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To: MulberryDraw

As the price of gasoline soars, top Mitt Romney adviser, Harvard economist Greg Mankiw sticks to his guns and calls for a hike in gasoline taxes.
____________________________________________

Thank you anyone who voted for Willard today...

Where do you live so I can send you a bill for gas each time I fill up if this spendthrift gets in the White House...


7 posted on 03/06/2012 2:08:27 PM PST by Tennessee Nana (Why should I vote for Bishop Romney when he hates me because I am a Christian)
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To: Servant of the Cross

Don’t you worry! There’s another thread that says Barry wants LOWER prices!!


8 posted on 03/06/2012 2:08:59 PM PST by Bradís Gramma (PRAY for this country like your life depends on it....)
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To: MulberryDraw

politics. start drilling domestically and tell the envirowackos to go pound salt.


9 posted on 03/06/2012 2:12:30 PM PST by television is just wrong
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To: MulberryDraw
That would sure make the economy soar sore wouldn't it?
10 posted on 03/06/2012 2:16:28 PM PST by TigersEye (Life is about choices. Your choices. Make good ones.)
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To: GeronL
Romney will [would] not govern any differently than Obama.

Yet those "conservatives" in the Republican party desperately want Romney to be nominated....

Go figure.

11 posted on 03/06/2012 2:16:31 PM PST by EGPWS (Trust in God, question everyone else)
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To: MulberryDraw
OBAMA LIGHT, OBAMA LIGHT
12 posted on 03/06/2012 2:16:53 PM PST by FrankR (You are only enslaved to the extent of the entitlements you receive.)
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To: MulberryDraw

Wow. Just WOW.

Thanks for letting us know.


13 posted on 03/06/2012 2:19:47 PM PST by LegendHasIt
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To: C. Edmund Wright
Following 'Super' (why am I not feeling super about it?) Tuesday, tomorrow Rush should LEAD with this story ....

and FOLLOW it with his mea culpa regarding Senator Santorum and how Rush made a grave mistake staying neutral/favoring Rick this primary season ...

and FINISH by going ALL IN for Newt Gingrich.

14 posted on 03/06/2012 2:26:47 PM PST by Servant of the Cross (the Truth will set you free)
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To: MulberryDraw

I get it. It’s one of those “the American people are undertaxed” arguments. It really doesn’t look that way from my side of things. It looks to me like I’m being taxed way too much by local, state, and federal goverments that probably piss away about a third of the revenues on graft and waste. So I have a suggestion for the big-shot Harvard economics professor: come up with a way to take care of government needs that doesn’t involve taking more bread from my children’s mouths or making me more a slave of the state than I already am.


15 posted on 03/06/2012 2:37:15 PM PST by Southside_Chicago_Republican
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To: Servant of the Cross

We sent out a press release on just this issue about 4-5 days ago - but it did not get the traction I wanted it to. You are right, it is HUGE issue.

And yes, I am hoping Rush see’s the light on Rick “Rush is absurd” Santorum.


16 posted on 03/06/2012 2:39:03 PM PST by C. Edmund Wright
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To: FrankR

lets vote for Oboma !


17 posted on 03/06/2012 2:42:24 PM PST by 7beuties
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To: MulberryDraw

I hope it happens. Why not just make it $5.00 instead so nobody will be driving or flying anymore except for the 1% and the military just like the turd world.


18 posted on 03/06/2012 2:58:05 PM PST by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: MulberryDraw

Why vote for Romney when you can vote for his twin that only has 4 years left?


19 posted on 03/06/2012 3:03:43 PM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: FrankR
gas tax, gas tax
20 posted on 03/06/2012 4:00:50 PM PST by BobP (The piss-stream media - Never to be watched again in my house)
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To: MulberryDraw

sfl


21 posted on 03/06/2012 7:58:42 PM PST by phockthis (http://www.supremelaw.org/fedzone11/index.htm ...)
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To: MulberryDraw

sfl


22 posted on 03/06/2012 8:36:11 PM PST by know-the-law
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To: MulberryDraw

sfl


23 posted on 03/06/2012 8:36:20 PM PST by know-the-law
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To: know-the-law

We need to defeat myth at all costs.


24 posted on 03/06/2012 8:38:36 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: FrankR

LOL!


25 posted on 03/06/2012 10:19:27 PM PST by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Jack Hydrazine

You’re right, but it’s not just you and me paying $5.00+ at the tank. It’s about the rise in cost of production and distribution that will be built into the price we pay for everything. My little pea brain forsees an economic tidal wave.


26 posted on 03/22/2012 5:50:06 PM PDT by ArmyTeach (Our liberties we prize and our rights we will maintain ... USS Iowa BB 61)
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