The Senate GOP alternative would seek to place a floor of $575 per student and a rolling average to be recalculated annually in distributing tax proceeds. It also would encourage a constitutional amendment to protect the school infrastructure and property tax relief money from being “scooped” for other purposes and preserve the current system of allowing voters to reaffirm the local option tax every 10 years.

This alternative is built on something that is very hard to find in Des Moines this session.. Common Sense. There is no reason there shouldn’t guarantees put on the money and the citizens of Iowa have every right to vote on local option sales taxation. Apparently these concepts escape some folks..

Senate Majority Leader Mike Gronstal, D-Council Bluffs, said he was “disappointed” Senate Republicans are choosing to abandon the bipartisan path taken in the House to do what’s right for students and property taxpayers in favor of “election-year posturing” and “pandering” to special-interest groups like Iowans for Tax Relief.

First of all, Sentor Gronstal, “bipartisanship” should be broken off when something this atrocious comes along. Second of all the Iowans for Tax Relief is a group that works to lower the tax burden Des Moines places on the citizens of this great state. Would that not then be “pandering” to the citizens?

I believe that Senator Gronstal is just a bit worried that the Democrats in Des Moines might get schooled come November. After all, who wants to keep a party in power that has increased spending more in the first two years of their run than the GOP did for their entire eight year run.

[via Gazette Online]

In the statistical world the chart above shows a that the price of gas has been almost directly linked the price of crude oil. I have added combined the above chart with a straight line chart below which should help emphasize the relationship and point out an interesting variance.

Notice that in April of 2007 the price of crude and the price of gasoline went off on two different paths. The price of gasoline has remained relatively flat from April 2007 to now while the price of crude oil has continued on an upward path. Another interesting item that is shown in these graphs is that there has been a growing separation in the price of gas compared to the price of oil. Back in 2003 the price of each product was very nearly 1 to 1 and you can see that over the last 60 months there has been a growing gap between the cost of the two products.

Bottom line: Yes, it hurts to pay $50 to fill up your tank but the answers to the problems aren’t as easy as some may think. You can’t attack a problem like this with your feelings you have to attack it with your mind and common sense. Also keep in mind how much of the price of a gallon of gas is made up of taxes. There’s Federal, State, and Local taxes to add to the mix. John McCain is suggesting a Federal Gas Tax Holiday this summer. That one thing could do more for the economy in the long run that any other idea being floated. Then again you could opt for the redistribution of wealth mentality and tax the hell out of the oil companies but you wouldn’t want to steal Barack Obama/Hillary Clinton’s ides now would you?