State Senator David J. Cappiello, R-Danbury, today said that legislation that he proposed to stop the scheduled July 1st increase to the gross receipts tax on gasoline has cleared the legislature’s General Law Committee and is on the way to the Senate. Since 2005 the state has taken in an additional $141 million from the gross receipts tax. In 2008, the state expects to take in a record $320 million from the tax. The current tax rate is 7%, up from 6.3% last year. The scheduled July 1st increase would raise the rate up to 7.5%. Since it is percentage based, as the price of gas increases so does the tax. Maybe the Attorney General should investigate this price gouging of citizens who are already subjected to the highest gas taxes in the Northeast. A large amount of these funds go to general revenue and not necessarily to the roads and bridges for which it is intended. This needs to be stopped and even rolled back to give some relief to drivers and businesses.
http://www.senaterepublicans.ct.gov/press/cappiello/2008/031808.htm
No comments:
Post a Comment