Today, Governor Culver bravely endorsed higher gas taxes. Apparently
the steady escalation of gasoline and diesel prices have finally
produced what we free market advocates always knew it would, reduced
consumption of gasoline and diesel. That's what conservatives call
conservation-less consumption without any government action at all,
how existential to be sure. It seems that three bucks a gallon
triggered Iowans collective gag reflex and we are actually driving
fewer miles. One consequence of conservation is a reduction of fuel
tax revenue. It, of course, makes sense; as we purchase fewer gallons
of gas the State's per gallon based tax revenue diminishes in a linear
relationship to the decline in gallons purchased.

Labels: Chet_Culver, taxes