Tuesday, June 14, 2011

An auto-tax robot from 1980

Okay, help me understand this:

  • In 1980, Kentucky passed a law that automatically adjusted the gas tax based on the average wholesale price of gas.
  • This tax goes to the Kentucky Road Fund
  • The Road Fund is up 11.6% for the fiscal year
  • Despite the increase in the available road funds, Kentuckians will be hit with a 1.9 cent/gallon tax increase at the pump.
Why do we have a law that automatically adjusts taxes? Perhaps this one should be reviewed, especially since the Road Fund has enough discretionary funds to hand out tax incentive favors to a handful of businesses and large recreated arks.

1 comment:

Anonymous said...

This is crazy. Gas is high enough without adding another tax increase to the price. Legislators should be ashamed.