April 18,2012

Press Contact:

Julia Lawless, Antonia Ferrier, 202.224.4515

President’s Drive to “Spread the Wealth Around” Amounts to $11.86 a Family

President Obama is trying to “…spread the wealth around...” with the Buffett Tax - legislation that won’t generate a single job for the just under 13 million unemployed workers in March, lower the price of gas, tackle America’s debt crisis or generate economic growth.

So how much would middle-class families benefit from this tax hike if it were redistributed?

A whopping $11.86 per family, per year.*  This is good for about 3  gallons of gas for an average family.

Below is a state-by-state breakdown of the amount of gas a middle-class family could purchase if they received their “fair share” from the Buffett Tax.

STATE

$Per Gallon, Regular

Gallons Purchased


Alaska

Alabama

Arkansas

Arizona

California

Colorado

Connecticut

DC

Delaware

Florida

Georgia

Hawaii

Iowa

Idaho

Illinois

Indiana

Kansas

Kentucky

Louisiana

Massachusetts

Maryland

Maine

Michigan

Minnesota

Missouri

Mississippi

Montana

North Carolina

North Dakota

Nebraska

New Hampshire

New Jersey

New Mexico

Nevada

New York

Ohio

Oklahoma

Oregon

Pennsylvania

Rhode Island

South Carolina

South Dakota

Tennessee

Texas

Utah

Virginia

Vermont

Washington

Wisconsin

West Virginia

Wyoming

 


$4.38

$3.80

$3.78

$3.87

$4.24

$3.87

$4.16

$4.18

$3.89

$3.95

$3.84

$4.61

$3.76

$3.78

$4.08

$3.84

$3.73

$3.84

$3.81

$3.91

$3.97

$3.99

$3.80

$3.75

$3.69

$3.78

$3.78

$3.90

$3.86

$3.85

$3.86

$3.79

$3.80

$3.97

$4.15

$3.73

$3.70

$4.09

$3.97

$3.97

$3.73

$3.83

$3.78

$3.82

$3.72

$3.90

$3.97

$4.13

$3.85

$3.95

$3.63

 


2.7

3.1

3.1

3.1

2.8

3.1

2.6

2.8

3.0

3.0

3.1

2.6

3.2

3.2

2.9

3.1

3.2

3.1

3.1

3.1

3.0

3.0

3.1

3.2

3.2

3.1

3.1

3.0

3.1

3.1

3.1

3.1

3.1

3.0

2.9

3.2

3.2

2.9

3.0

3.0

3.2

3.1

3.1

3.1

3.2

3.0

3.0

2.9

3.1

3.0

3.3 

 

Source for price of fuel: AAA Fuel Gauge Report, April 13, 2012                                                                            

*Data calculated by Senate Finance Committee Minority Staff. 

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