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Of revenue would go to rebuilding roads. thats not the case. >> rick, you dont like regressive tax and hit the poor and middle class. you couldnt be for this. >> i can be for it and shockingly i think john is wrong. i think we have a revenue problem. i am for it friends on the panel tell me if we can get more oil out of the ground here in the united states, gas prices will go down. guess what, here we are told that we are on the verge of becoming the oil super power in the world. what better tim...

I think our government should do the refining prices better to tamp down the price of gas. it hasnt been hiked since 1993. it is not adjusted for inflation . the truth of the matter it funds the highway trust fund and we are seeing a major budgetary short fall. >> actually mike, it is not a bad point. if the federal government has been coming in to fill that gap without this gas tax going up, is this one tax that maybe should go up. >> no, john is right. at a time when personal income is falling...

It is it a broad tax and certainly hits people with lower incomes harder because theyre spending more of their income on gas. if you asked the question in 2004, you could make a case for gas tax. but our economy is teetering on economy. it is a stealth tax and never goes away and the funds dont go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the ne...

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Latest updates on this topic.

Numbers. and that is emack. >> mike is right. government unions are in bed with the politician and that is like putting the cat among the pedgions. only four states can cover the pension obligation. government workers are baskly paid by taxpayers . so they are flooded with red ink right now. if they were not to do the eight percent guaranteed return that the government workers are promise exclude put it down to five percent. you would see california, illinois and new jersey tipping in the red. t...