Biden and his minions (puppet masters?) are offering another bit of bread-and-circuses in the face of growing popular outrage over the skyrocketing price of gasoline in America: They want to let us keep a bit more of our money by suspending the federal gasoline tax for three months.
“Three month federal gas tax holiday? You get to keep $26 more of your inflation-ravaged dollars. By the way, in those three months, a median income earner will lose $736 in buying power at the current inflation rate.
This makes the federal gas tax holiday a stunt, nothing more. Sure, it might encourage states to follow suit, as Biden is hoping. California's tax is over fifty cents per gallon. Newsom is talking about a "holiday" for his state, but all he's proposing is delaying the upcoming increase of 2.8 cents per gallon.“
“Three month federal gas tax holiday? You get to keep $26 more of your inflation-ravaged dollars. By the way, in those three months, a median income earner will lose $736 in buying power at the current inflation rate.
This makes the federal gas tax holiday a stunt, nothing more. Sure, it might encourage states to follow suit, as Biden is hoping. California's tax is over fifty cents per gallon. Newsom is talking about a "holiday" for his state, but all he's proposing is delaying the upcoming increase of 2.8 cents per gallon.“