Households in America seem to be paying out more and more each year. Consumers in N.C. have seen their own bills go up or at least threatened to be increased. Over the last two years, power bills have increased, as the N.C. insurance commissioner is currently battling to keep home insurance rates from increasing and hopefully, auto insurance rates as well despite the industry's best efforts to do away with a state mandated cap. And, if you drive a hybrid or electric vehicle, that's a new tax, too. If that's not enough, the United States Congress has been presented with a proposal to increase the federal gasoline tax by 12 cents.
A federal gas tax was first enacted in the U.S. on June 6, 1932, as part of the Revenue Act of 1932 under President Herbert Hoover. The result was a 1 cent per gallon tax.