LIBERAL LAWMAKER CLAIMS HIS TAX INCREASE IS REALLY A “SWAP”
|| By FITSNEWS || Fiscally liberal establishment “Republican” Tom Rice has introduced legislation to raise the federal gas tax by ten cents per gallon.
Rice claims his bill is “revenue neutral” because it includes a $133 income tax credit for drivers – which he says would offset the additional money they spent at the pump over the course of the year.
“We have enough revenue already,” Rice told The Hill. “Our measure moves money from the general fund into the highway trust fund. It would raise the gas tax by about 10 cents-per-gallon, which would cost the average driver about $130 per year. It would be offset by a $133 income tax credit, so it’s revenue-neutral.”
The federal gas tax is 18.4 cents per gallon. Rice’s bill would raise that to 28.4 cents per gallon – and allow for annual increases in future years based on inflation.
Hold up … if Rice wants to transfer money from one fund to another, why pass “revenue neutral” legislation? Why not just move the money in the budget?
Seriously … why further complicate the tax code and waste time and resources shuffling money from one pocket to the other? While at the same time imposing new obligations on drivers?
We don’t get it …
Do we trust Rice that his proposal is really “revenue-neutral” (a.k.a. a tax swap)? Hell no. Not even a little bit.
Establishment “Republicans” have proven they can’t be trusted with the budget – and Rice’s proposed tax swap strikes us as more of the same “smoke and mirrors” that’s steadily increased Americans’ tax burden while ballooning our national debt.
Along with fellow fiscal liberal Joe Wilson and conservative sellout Mark Sanford, Rice has been casting terrible votes in the U.S. House this year – most notably supporting “Republican” leadership in its special interest-driven push to grant president Barack Obama new trade powers.
Endorsed by S.C. governor Nikki Haley during his successful 2012 race, Rice was billed as a “businessman who will rein in Washington spending,” and “make government smaller.”
“I know what Tom Rice will do,” Haley said in endorsing Rice. “He’ll fight for us. He’ll make sure that he does the right thing and he’ll support us as we continue to fight the issues in Washington.”
That hasn’t happened. Rice started selling out immediately … and hasn’t stopped.