This tweet is truly cringeworthy, and not just because of the grammar but because of an elementary, but important, economics mistake. So if they price gouge, why not have them repay the people?” They profit off of global instability and car dependency. Lee tweeted as follows: “Big oil don’t want the truth out there: that fossil fuel corporations dictate their own prices. The revenue from the tax would be rebated to consumers. He figures he can kick the can down the road to the California Energy Commission to figure all that out. Really? Where does this 30 cents figure come from? And on whose profit would this be imposed? And what even constitutes “profit”? Lee doesn’t seem to have answers to these questions, at least yet, even though he feels qualified to write about them. Lee wants the Franchise Tax Board to figure out a time-varying tax rate to impose to keep the profit margin on a gallon of gasoline no higher than 30 cents per gallon. Assemblyman Alex Lee (D-San Jose) introduced a motion to amend Kiley’s bill, which began as (to paraphrase) “strike all current contents of the bill,” replacing it with a windfall profits tax whenever the price of gasoline relative to the price of crude oil is “abnormally high”. Just like that, the tax cut was gone, replaced by a tax hike. The process didn’t go sideways, it went upside down. What gives? Well, what gives is that the bill was completely gutted and rewritten. Suddenly, the Democrats were willing to give Kiley’s bill a hearing.
Audio hijack and dictation how to#
These plans, which are neatly summarized and analyzed in my colleague Bill Whalen’s column from last week, amount to providing cash to drivers.īut as Bill notes, these plans would include those who drive electric cars, and they also would benefit households who have many cars (including cars that are rarely driven).īut perhaps the worst reason to implement any of these plans is that it would be administered by the same government that hasn’t figured out how to pay unemployment insurance in a timely manner, while being hacked for unemployment fraud to the tune of $20 billion.īut a funny thing happened last week. They had other ideas, including one plan created by Governor Newsom and alternate plans originating in the state legislature. Because the bill included an urgency clause, this tax change could be implemented very quickly and thus help consumers immediately.ĭespite broad-based enthusiasm among Californians, Kiley couldn’t get his Democratic colleagues to give his bill a hearing. But the bill called for using a fraction of the state’s $31 billion budget surplus to cover the lost revenue for roads.
Standard economic analysis indicates that this would lower gas prices considerably at the pump and thus benefit consumers.Ī few (the construction industry, in particular) objected to the bill, because these taxes are primarily used for construction and maintenance of the state’s roadways. The bill would have suspended the state’s 51-cent-per-gallon gasoline tax for six months. Assemblyman Kiley wrote Assembly Bill 1638, which created a simple way of reducing gasoline prices. This all began when Assemblyman Kevin Kiley (R-Rocklin) saw how many Californians, particularly low- and middle-income families, were being hit hard by high gasoline prices. Teachers may also be interested in this option as a class activity.Only in California could a tax cut bill turn into a tax increase. This is a good idea if you are sharing a computer with a partner or group. Your typing will improve along with your listening skills. Note: The easiest way to compare your answer to the transcript is to type in the text box provided (except on mobile). Mid-length recordings of one or two sentences You can listen to the dictations as many times as you need to. The directions are only there to guide you. Try the short dictations first and work your way up. It even helps you learn new vocabulary in context.ĮnglishClub dictation exercises come in three different levels. Learn English : Listening : Dictation Online Dictationĭo you want to improve your English listening skills? What about your spelling, writing, and typing skills? Dictation can help in many ways.
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