Since the breathless predictions I linked to this summer apparently aren’t going to happen, I was going to write a piece on how it’s a great time to raise the gas tax. However, Michael Kinsley has covered all the main political points in Time, while Mike Lillis in The Washington Independent goes a little deeper into the economics, for those of you so inclined.
All I can add is that this is equally good advice at the state level. Kinsley’s right that there’s no reason, in principle, to object to the gas tax unless your policy goal is to maximize gasoline consumption. In any other case, the state could take the money to cut other taxes or subsidize whoever it is you think is being hurt by this proposal.
UPDATE: Of course, here in this state our wonderful state constitution restricts our ability to offset the impact of tax increases by forcing it to all be spent on roads. There’s another thing Olympia could fix if they weren’t obsessed with asphault.