As many people finished their tax filings for the deadline yesterday in the US, Canada announced a holiday on gasoline taxes. Many US lawmakers are proposing similar tax holidays. Germany cut its petrol and diesel tax by €0.17/liter (~$0.76/gallon). Several other nations are implementing similar measures. While high fuel prices … [continued]
The most talked-about economics book of 2026 fits in your jacket pocket. Here are the five things you need to know. Gabriel Zucman is having a moment. The Paris-born Berkeley economist who coined the term “tax haven” and mapped the hidden wealth of nations is now one the most famous … [continued]
As of July 1, 2024, state taxes and fees on gasoline and diesel fuel averaged $0.33 per gallon (gal) of gasoline and $0.35/gal of diesel fuel, according to our federal and state motor fuel taxes table. Since January 2024, both the gasoline and diesel average taxes have remained nearly flat, increasing … [continued]
The aviation sector benefits from unjustified tax exemptions that, if left unaddressed, will rise in value by 38% in the next three years.
Consumer Reports does a hatchet job on EVs and fuel taxes.
“While Putin’s war is causing gas prices to go up, Big Oil companies are raking in record profits,” Senator Elizabeth Warren said. “We need to curb profiteering by Big Oil.. that starts with ensuring these corporations pay a price when they price gouge and using the revenue to help American families.”
The emissions of aviation will be priced, the cost of aviation will go up, and that’s part of why my projection of aviation growth is flat through 2100.
Ironically, it was John Howard, a long serving Australian Liberal (Conservative) Prime Minister, who brought in subsidies for household rooftop solar in Australia (circa 2007). As well as subsidies for the upfront purchase, there were generous feed-in tariffs (FIT). The solar system on my roof was installed in 2009 and … [continued]
A new study by Consumer Reports show that many states are seemingly punishing electric vehicle (EV) drivers for owning an EV.
Many bold statements were made about how the new tax act would help make America great again, but in truth, it did little other than fatten the wallets of those who already qualify as some of the richest people in history. Now the non-partisan Congressional Research Service has released a scathing report confirming what most of us knew all along.
