Lawmakers have floated two ideas: pauses on the taxes assessed on gas and rebates that would send money directly to motorists in order to defray their gas costs. Can either approach make a meaningful difference in personal budgets?
The more that high prices at the pump stick around, the more that state and federal lawmakers are trying to find ways to ease drivers’ financial pain.
“That direct relief will address the issue that we all are struggling to address, and that’s the issue of gas prices,” Newsom, a Democrat, said on Twitter TWTR, -0.57%, as he unveiled the proposal. The first payments could start in July. State drivers pay roughly $300 in gas taxes yearly, his office said.
Georgia paused its 29.1-cent gas tax through May and Maryland paused its 36.1-cent tax for 30 days. Connecticut’s 25-cent tax is scheduled to halt from the beginning of April to the end of June. For Walczak, a gas tax pause of any length is “an ill-targeted tax policy that doesn’t get to the root cause of high gas prices.” When Walczak lists his reasons against such tax holidays, he notes there’s no guarantee the full tax savings will get passed along to drivers.
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