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By Alan Caruba
With the cost of a barrel of crude oil edging toward $100 (remember the good old days when it was only $70?), it’s time to look at the gas tax. In August, the Cato Institute published a “Policy Analysis” that was titled, “Don’t Increase Federal Gasoline Taxes—Abolish Them.”
Masters of turgid prose, Jerry Taylor and Peter Van Doren, Cato senior fellows authored sixteen pages of a tightly reasoned argument against raising the taxes on gasoline, plus seven small-print pages of footnotes documenting their position. A prodigious amount of scholarly effort was invested in this analysis.
Fortunately for me, there was an “Executive Summary” on page one that helped to identify the major themes. “Gasoline consumption does not necessarily distort American foreign policy, impose military commitments, or empower Islamic terrorists organizations,” say th...
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