Someone step in something? Oh… It’s Kaine’s Transportation Proposal
Well it’s out. Kaine’s proposal:
- A 1 percent increase in the sales tax on cars. The titling tax on new and used cars is now 3 percent.
- A new $10 registration fee on the sale of new and used cars.
- A 25-cents-per-$100 increase in the grantors tax that is paid by home sellers. It is based on the sales price of the property.
- A 1-cent-on-the-dollar regional sales tax increase in Hampton Roads and Northern Virginia, the state’s two most congested regions. Taxes on food and over-the-counter medicines would be exempt from the increase.
- Taking $180 million from the transportation trust fund, which is used for new road construction, and using it for highway maintenance.
This is wonderfully thought out. Let’s add another tax to an already screaming in agony housing market!!!
And if paying nearly $4 a gallon for gas isn’t enough, now you will be paying more for a car. Several people that I am aware of have traded their SUV’s for smaller more economical cars to save on gas. Lot of good that will do if Kaine’s measure goes through.
And according to the Virginian-Pilot, the house tax would be used to pay mostly for mass transit, (to quote Bearing Drift’s Brian Kirwin, Buy a house = Pay for buses).
Nothing mentioned about a lock box to keep the money where it is supposed to be. Absolutely no constitutional guarantee that the money will be there when needed. The Governor’s plan leaves it wide open, for the money to be used for anything he choses to use it for. And it doesn’t have to be transportation. I could probably at least stomach most of this if there were that guarantee.
Technorati Tags: politics, Democrats, raising taxes, liberals, Tim Kaine, transportation, Hampton Roads