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Monday, June 27, 2022

Don’t expect much from ‘gimmick’ gas tax holiday

President Biden called Wednesday for a “gas tax holiday” — a suspension of the federal gas tax to alleviate consumers’ pain at the pump.

But the move is more political theater than sound economic policy.

9 comments:

  1. We have never had a dumber president.

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  2. 18.4 cents per gallon X 25 gallons = $4.60. I go through 25 gallons a week just driving to work & back; gas here is 5.60 a gallon. So, 4 weeks @ 4.60 a week is $18.40 X 12 weeks….$55.20. Jeez, Joe….I can get almost 10 gallons! At TODAY’S price, you pathetic, vomitous mass. Why even bother?

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  3. What is it? 18 cents a gallon? Will bring the cost to me down to around 5 bucks by then.
    And, you know they will miss it and have to reinstate it at a greater amount.
    Need to start charging battery cars their fair share for road repair
    Daryl

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  4. So now, do I have to remove all of the Xiden "I did that" stickers?

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  5. I think a lot of pain at the pump could be alleviated if only they would weld two running chipper/shredders, one on either side of his bicycle, as training wheels....well you get the picture.

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  6. BillyBob in TexasJune 27, 2022 at 2:24 PM

    18 cents a gallon, BFD. It's a rounding error. How bout a Federal Income Tax Holiday. They don't need it as they just print & spend anyway.

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  7. How about just a Tax holiday for the month? Not just income tax. That would put a few hundred bucks back into my pocket.

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  8. A 3% discount after more than doubling the price. Thanks Joe.

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  9. “President Biden called Wednesday for Crumbs to be given to the Peasants to Passify consumers’ at the pump.”

    Thats REALITY

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