Friday, February 9, 2018

Assignment: Should the government increase its pollution tax on gasoline? (due Mon, Feb 12 at 1:10 pm)



The Economics of Pollution Taxes:

The current federal sales tax specifically on gas is $0.184/gallon.  Additionally, purchasers of gas in Iowa pay a state sales tax of $0.305/gallon.  For comparison, the sales tax on gas in England is $3.44/gallon (Source: taxfoundation.org, 2018).  Should the various levels of American 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 our 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 our 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 US 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 1:10 pm on Monday, Feb 12.