[ale] OT: gas going up this weekend

[Brian MacLeod]

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On 4/27/11 12:38 PM, Richard Faulkner wrote:
> New Zealand was on the eve of a 1.5 cent per litre tax increase for
> roads improvement but canceled it due to the added stress it would put
> on it's citizens.  Further increases are pending for 2012 and 2013 but
> funding for these infrastructure projects is well funded so the foregone
> tax will not impact future works. 
> 
> Apparently the increase is an automatic increase as part of a formula
> that kicks in twice annually in May and January.  It is adjusted to the
> average price of gas, and when that price is high then the tax jumps
> accordingly.  Being as this is an "automatic" increase it is claimed
> that there's little state officials can do to stop the hike aside from
> an executive order from Republican Governor Nathan Deal...and he has
> already indicated he likely WON'T do so.  But, lawmakers can vote to
> adjust the formula they use to calculate the tax. 
> 
> What do you think the chances are? 
> 
> RinL
> 


Yes, it is automatic, but let's face facts, these same people are the
one who put in place like that so they could shrug their shoulders and
say "not me!"  So I give it zero chance of being adjusted since they are
the ones that put it in place.

Brian
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