What act of Congress might be fairly easy to pass and might produce revenue for bridge and road repair while ensuring that energy innovation would be encouraged? How about pegging the price of gasoline nationwide at a level that accomplishes the above while retaining the relief that consumers now enjoy?I like Hallock's opening paragraph more than mine.
One quibble with Hallock's plan is that he would adjust the tax up and down to keep the after-tax price in "the present range." Leaving an escape hatch to rescind or defer the tax for extraordinarily high increases makes sense, but price controls should not be a fundamental goal.
