Housing & Fuel Relief

March 27th, 2008 by Keith under Economics View recent posts with the tag Economics on Technorati 

As politicians clamor to buy votes, claiming they will solve the “mortgage crisis” or rising fuel costs with their law and their regulation of our lives, why don’t we hear politicians say they will save us from the “tax crisis” or the “rising burden of taxes”? “Tax Freedom Day” will arrive for many Americans 3 days earlier than last year (April 23rd), but that still basically means we are working 3.5 months to fund politicians desires. Now, if they relieved us from this burden, how many people would be able to meet their mortgage payments? How many people would be able to absorb the rise in fuel prices (forgetting for a moment the governments help in raising the prices)? Why aren’t the politicians saying, “I will abolish your property tax to help give you mortgage freedom & I will do away with taxes on fuel to give you relief?”

For example, in 2005, the average monthly mortgage payment was $1,015. At the same time, the average annual State and local property tax collections was $3,022 per household. So, on average, homeowners would have 3 months relief if politicians put some profit restraints on themselves and provided the constituency with some economic freedom. Why are politicians going after “corporate greed”, but not “political greed”?

Similar relief occurs if numerous taxes were taken out of the price of gasoline. In Ohio, the consumer would save about $0.464 cpg on their fuel purchases. So, the next time you fill up and you reach the 10 gallon point, you would have another $4.60 cents in your pocket. Now, that is not a ton of money, but for the poor and working class, who are usually left with the old gas-guzzlers, this is a big relief.

So, as Obama and Hillary try to buy your votes, claiming they are going to get “corporate greed” and “provide relief”, realize that they are not looking to cut their profits for the little man or provide relief in any way that may hurt them.

WordPress database error: [Can't open file: 'wp_comments.MYI' (errno: 144)]
SELECT * FROM wp_comments WHERE comment_post_ID = '745' AND comment_approved = '1' ORDER BY comment_date

Click here to go back to home...

Leave a Reply

You can track future comments on this post via this RSS feed. You can trackback this post by pinging this URL. Allowed HTML: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>




September 2010
S M T W T F S
« May    
 1234
567891011
12131415161718
19202122232425
2627282930  

New York Times