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Politics : View from the Center and Left

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To: Lane3 who wrote (71554)	6/11/2008 12:15:31 PM
From: Katelew	Read Replies (2) of 541778

Ok, so if everyone gets a cut in the payroll taxes they pay and the whole thing is truly revenue neutral, it seems to me that the incentive to conserve is lost. If I pay $2 more for gas, but get a corresponding reduction in the amount of payroll taxes I must pay in, then why would I use less gas? BTW, I read yesterday that the true cost of gas should be closer to $5 a gallon. Apparently, refiners are absorbing the increase for now in an effort to maintain sales levels and not shut down capacity. (US refiners aren't operating at full capacity.....acutallly about 87%....even though many commentators blame the high price of oil in part on the fact that no new refineries have been built in some time).

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