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GASOLINE EXCISE TAX TO INCREASE 3.5 CENTS ON JULY 1, 2013

March 2, 2013 (Sacramento) – Effective July 1, 2013, the excise tax on gasoline will increase 3.5 cents per gallon following a vote February 28, 2013 by the California State Board of Equalization. The Board is sensitive to the financial impact consumers are feeling at the pump, but state law requires the BOE to adjust the excise tax rate by March 1 of each year in order to ensure revenue neutrality.

As gasoline prices increase, the relative amount of state sales tax that would be collected, but for the fuel tax swap, decreases and must be offset by an increase in the excise tax rate.

ECM WORLD WATCH: GLOBAL AND NATIONAL NEWS

November 28, 2012 -- (San Diego’s East County) – ECM World Watch helps you be an informed citizen about important issues globally and nationally. As part of our commitment to reflecti all voices and views, we include links to a wide variety of news sources representing a broad spectrum of political, religious, and social views. Top world and U.S. headlines include:

U.S.

WORLD

HEALTH

Read more for excerpts and links to full stories.

EAST COUNTY ROUNDUP: TOP LOCAL AND STATE NEWS

 

August 17, 2012 --  (San Diego’s East County)--East County Roundup highlights top stories of interest to East County and San Diego’s inland regions, published in other media. This week’s top “Roundup” headlines include: 
 
LOCAL
  • Hundreds of dead fish found in Lakeside’s Lindo Lake Park (10 News)
  • County’s top job filled with no public notice (KPBS)
  • Have your schools done a Poway? (Voice of San Diego)
  • Violence continues at San Diego juvenile hall (CityBeat)
  • Lemon Grove to put 2 medical marijuana ordinances on November ballot(UT San Diego)
  • Protective order issued against Border Patrol agents (10 News)
  • City Council receives mostly low grades on environmental issues (Voice of San Diego)
  • E. County tribal officer arrested for assault (UT San Diego)
  • La Mesa bank teller thwarts robbery (UT San Diego)
  • New trolley routes coming next month ((UT San Diego)
STATE
  • Assembly passes corporate tax hike (Sacramento Bee)
  • 3 park officials disciplined in vacation buyout scandal (Sacramento Bee)
  • Despite falling gas prices, California’s gas prices soar in wake of refinery fire (Sacramento Bee)
  • Chevron facility deemed hazardous (UT San Diego)
  • Exclusive: Bond insurer sues California over development agencies (Reuters)
Read more for excerpts and links to full stories.

MTS SETS BUS RIDERSHIP RECORD FOR FISCAL YEAR 2012

 
July 15, 2012 (San Diego) -- Ridership aboard Metropolitan Transit System’s bus network set a new ridership record for the year ending June 30, 2012.  There were 55.5 million passenger trips taken on bus during the year, which was 5.2% higher than the previous fiscal year and more than 800,000 more passenger trips taken in fiscal year 2009, which was when the previous bus ridership record was set.

ECM WORLD WATCH: GLOBAL AND NATIONAL NEWS

 

March 2, 2012 --  (San Diego’s East County) – ECM World Watch helps you be an informed citizen about important issues globally and nationally. As part of our commitment to reflecting all voices and views, we include links to a wide variety of news sources representing a broad spectrum of political, religious, and social views. Top world and U.S. headlines include: 
 

U.S.
 
General news
  • 7 U.S. soldiers wounded after Afghan naval base attacked (Reuters)
  • Cruiseline: 22 passengers robbed in Mexico resort (CNN)
  • National gas prices up 18 cents in last two weeks (San Francisco Chronicle)
  • House GOP leaders announce vote on jobs creation package as early as next week (The Hill)
 
Presidential Election 
  • Romney wins Michigan, Arizona, in big night (CNN)
  • Presidential race highlights California GOP convention (KPBS)
  • Obama mocks GOP on gas price issue (USA Today)
  • Poll: Romney overtaking Santorum nationally (The Hill)
  • UAW to protest Romney at Daytona 500 (Detroit News)
  • Maher donates $1 million to Obama super pac  (USA Today)
  • Santorum says he “almost threw up” after reading JFK speech on separation of church, state (Washington Post)
 
WORLD 
  • Karzai urges Afghans to avoid violent retaliations over Koran burnings  (Washington Post)
  • Children left behind in world’s city boom: UNICEF (RawStory)
  • Nigeria unrest: Suicide bomb targets church in Jos (BBC)
  • Iran poised for big nuke jump (UT San Diego)
 
HEALTH 
  • FDA adds new safety warnings to statin drugs (USA Today)
  • Why doctors die differently (Wall Street Journal)
 
Scroll down for excerpts and links to full stories. 

 

WILL POWER REPORT: REPUBLICAN WEAPON—GAS PRICES

 

Nothing but the Truth!
By Will Power
February 26, 2012 (San Diego)--The LA Times ran a story which criticized Obama for not keeping gas prices lower. That’s hilarious!  A Democratic President can no more control gas pricing than control the weather. With the Conservatives in Congress blocking nearly all Climate Change and Alternative Energy programs it is easy to see the Oil Dinosaurs are in charge of US Energy Policy. In fact, a case could be made the Big Oil controls not only Foreign Policy, but the Beltway itself.

CONGRESSWOMAN DAVIS SAYS SHE IS WORKING TO “STOP THE PAIN AT THE PUMP”

 

June 19, 2011 (San Diego) – Congresswoman Susan Davis (D-San Diego), whose district may soon extend to include La Mesa, part of El Cajon and other areas in East County with reapportionment, has joined several other legislators in sending a letter asking Attorney General Eric Holder to conduct an investigation into oil speculation.  The legislators seek to “determine whether illegal practices may be artificially inflating oil and gas prices” and also ask for “common sense limits" on the  trading of oil futures.

 

 “It's infuriating that major oil companies continue to profit from tax exemptions while American families struggle with rising gas prices," Davis said in a letter to constituents. "I joined in sending a letter to Vice President Biden asking him to make sure that cutting unnecessary tax subsidies for major oil companies is part of a deal to reduce the deficit.”

GOOD MONEY: GAS PRICES—HOW TO COPE!

 

a column written for the East County Magazine

“Your guide to financial planning & socially responsible investing”

 

By Judith L. Seid, CFP ®, President, Blue Summit Wealth Management

April 24, 2011 (San Diego’s East County) -- Friends, we need to view current gas prices as the “new normal” and not assume that this is a temporary condition. Most people were shocked at the gas prices when they rose in 2008, but this time they are not nearly as shocked and upset, even though prices are surpassing 2008 levels.

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