This Christmas season, Gov. Gina Raimondo could be the Grinch who stole affordable gasoline. If the Raimondo administration gets its way and bypasses the General Assembly to sign on to a new regional carbon-tax scheme, called the Transportation and Climate Initiative (TCI), Rhode Island motorists will find a plan to increase gasoline taxes in their stockings this year.
TCI is a cap-and-trade tax on gasoline proposed by environmental extremists who purposely want gasoline to become so expensive — estimated at an extra 24 cents per gallon — that you will be financially forced to walk or bike to work and around town.
Like all far-left contrivances to reduce carbon emissions, TCI, a green-new-deal-type gas tax, will harm economic growth and will take money out of your pocket. Rhode Island already suffers from an Ocean State Exodus, where far too many of our children and loved ones, business investors, and neighbors are leaving for lower-cost living in other states. The TCI tax would be one more piece of coal that will drive people out of state (pun intended).
Most Rhode Islanders want a balanced approach, where there are multiple choices for abundant and affordable energy. But green-Grinches in government want to limit your options, and will force you to pay expensive new taxes if you make the wrong choice.
Only the General Assembly can raise taxes. Fortunately, the governor cannot unilaterally impose a new tax on gasoline without legislative approval. But the governor has purposely tried to keep this TCI tax under the radar. Her team has been working stealthily with unelected bureaucrats at TCI to advance the imposition of gas taxes among 12 Northeast states.
Did you know that the really high electricity prices we pay, among the highest in the country, are partly because of a different regional cap-and-trade program, the Regional Greenhouse Gas Initiative (RGGI)? RGGI imposes tax-like fees on electricity power plants, which, of course, get passed on to you. Unfortunately, RGGI has been a complete failure; it has significantly increased the cost of electricity but has resulted in no added emissions reductions!
And now they want to try the same failed idea on gasoline with a TCI gas tax. Like RGGI, TCI is designed to increase the cost of fossil-based fuel so much, that families like yours — and businesses where you work — will be forced to use less of it.
Part of the RGGI and TCI schemes is that the extra money you pay at the gas pumps and on your electric bill is supposed to be spent by participating states on energy projects that are favored by greenie Grinches. Rhode Islanders understand that it is patently unfair for government subsidies to be handed-out to benefit a specific industry or company … at the expense of everyone else.
History has proven that too many government regulations and taxes on energy mean that the beneficial use of America’s rich natural resources might be put out of reach for many. Worse, such government imposed taxes as the RGGI tax and the TCI tax are regressive; they disproportionately harm low-income families who already struggle to pay heating bills and gasoline costs.
Also, many businesses, similarly burdened with higher energy costs, will be forced to reduce employee work hours, cut jobs, or even shut down and move to another state.
The secrecy must end now. The governor should have been more transparent about an issue that will cause economic hardship for many. I call on Ms. Raimondo to reject the TCI tax plan, expected out on Dec. 17; and I call on Senate and House leadership to ensure there is a robust public debate about whether you and I should pay higher gasoline taxes.
RGGI has failed miserably … and TCI is also doomed for failure. Why should any Grinch force any of us to pay unnecessarily higher gasoline taxes if it will not result in any environmental benefit?