Ah, the repealing of taxes. Something about it sparks up some major Boston Tea Party nostalgia. 🫖🤠 Except this time, it's gas taxes not tea taxes and we're definitely NOT throwing any of that precious black gold overboard...
President Biden recently proposed a three-month gas tax holiday and urged Congress to pass it ASAP. While they're at it, could we get a few extra stimmy checks? *Turns on money printer*🤑🖨️
Here’s Five Fast Facts about all things gas tax:
🔥Bottom line: It's a mixed bag. Suspending the gas tax would lower costs and give drivers a bit of a break at the pump. However, it's up to the refiners, gas station owners, and overall market itself to make sure we feel it as motorists. Also, gas taxes go towards road improvement projects. So, suspending them could put a pause in the pothole patching...even more so than we're used to.
What are your thoughts on a gas tax repeal? Love it? Hate it? Don’t give a damn?
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