Wednesday, April 26, 2017

Assignment: Should the government increase its pollution tax on gasoline? (due Fri., April 28)



The Economics of Pollution Taxes:

The current federal sales tax specifically on gas is $0.18/gallon.  Additionally, purchasers of gas in Iowa pay a sales tax of $0.32/gallon (Source: taxfoundation.org).  Should the various levels of government increase their pollution taxes on gasoline?  Analyze this issue using the following format:

1) In paragraph one, evaluate at least one argument in favor of the government increasing its pollution tax on gasoline. You must include at least one outside source, using in-text citation (author, website, date).

2)  In paragraph two, evaluate at least one argument against the government increasing its pollution tax on gasoline.  You must include at least one outside source, using in-text citation (author, website, date).

3) In paragraph three, justify your position on the government increasing its pollution tax on gasoline.  Be sure to reflect on one of the four criteria for tax fairness (ability to pay; efficiency; simplicity; benefits received) in your explanation.

This assignment is due by 11:10 am on Friday, April 28.