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.
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We need to defeat myth at all costs.
LOL!
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.
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