Thursday, July 17, 2008

WIL Calls on Doyle to Push for Repeal of Minimum Markup

WIL is calling on Doyle to put his pen where his mouth is

Wisconsin Institute for Leadership Urges Doyle to Call Special Session to Repeal Minimum Mark Up Law

[Madison, Wisc.] Gasoline prices in Wisconsin could be dramatically reduced if the state’s arcane Minimum Mark Up Law was repealed. The Wisconsin Institute for Leadership (WIL) is urging Governor Doyle to call a Special Session of the state legislature next week to reduce gas prices here.

“This is a dumb law that hurts families in Wisconsin,” said WIL Executive Director Brian Fraley. “With gas at more than four bucks a gallon, now more than ever, our elected officials should move to repeal this law or explain why they support this constraint on the free market.”

Under Wisconsin’s Minimum Mark Up Law, which has been in place since the 1930s, fuel wholesalers are required by the state to mark up their prices by at least 3 percent and retailers are required by the state to raise prices by at least another 6 percent. This adds a whopping 36 cents a gallon to the cost of $4.00 a gallon gasoline.

“If the Governor were to bring this issue to the forefront now, I’m confident this ridiculous law would be wiped off the books forever,” said Fraley. “With families and businesses feeling tremendous pain at the pump, now is the time to repeal the minimum mark up law.”

The Institute is encouraging Wisconsin residents to call Governor Doyle to encourage him to announce a Special Legislative Session to rescind the Minimum Mark Up law. His office number is 608-266-1212.

(9) Comments
Posted by Owen at 1228 hrs
Politics + Politics - Wisconsin