Wednesday, June 18, 2014

Keystone or Tax! Pass it on!



There have been recent discussions wherein raising the road tax on gasoline or diesel fuels have trial ballooned. The part that seems to need consideration is who will be the persons bearing the costs. If you are in business the cost of transportation has a level of tax deduct-ability as a business expense. The deduction size will be a function of the taxable rate. If you are the average wage earner you will have a low level of a deduction being available to you. Even if you travel a high level of mileage for health care, the level of tax deduction will only return a small amount.
If the Guy in the white house would stop blocking the Keystone pipeline the cost of fuel might come down. If the cost of fuel drops there could be a desire for an entrepreneur to construct a new refinery, or upgrade one of the existing facilities. Just think of the number of; boilermakers, carpenters, electricians, carpenters, pipefitters, insulators, iron workers, lathers, etc., needed for the project.
Of course this would require less intervention by the ‘green peace’s’. It is time the people of this country stand up and shout. “I’m sick and tired of this and I am not going to take it anymore.”

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