hobbit11
Well-known member
YUP!!! Never fear. The money grab will come!!!Once ICE car numbers decline and gas sales decline, where are the states/feds going to get that tax revenue? The cost of each gallon of gas includes a considerable percent of tax revenue. For example, in MO, each gallon of gas includes 17.42 cents of state tax and 18.40 cents of federal tax. Standard Unleaded is $1.96 today resulting in 18%+ of the price going to the government in taxes. California state tax is much more at 62.47 cents per gallon.
This will have to be replaced somewhere. Maybe they start taxing (or increase taxes) on electricity?
Not saying we shouldn't be transitioning away from oil, but I wonder what the 'unintended consequences' are going to be of some of this new legislation.