Relevance: supporting · Type: background
Confidence100%
The war with Iran has driven up fuel prices
Relevance: supporting · Type: background
Confidence100%
Few U.S. states have made moves to suspend their gas and diesel taxes
Relevance: supporting · Type: background
Confidence100%
The average state gas tax is 32.6 cents per gallon
Relevance: supporting · Type: background
Confidence100%
The average gas price in the U.S. on Wednesday was $4.11 per gallon
Relevance: supporting · Type: background
Confidence100%
51% of respondents in a recent CBS News poll said gas prices have posed a financial hardship or been financially difficult for them
Relevance: primary · Type: event
Confidence100%
Georgia became the first state to suspend its motor fuel tax last month
Brian Kemp, Governor of Georgia
Relevance: primary · Type: action
Confidence100%
Republican Gov. Brian Kemp signed a 60-day suspension on Georgia's 33-cent-per-gallon gas tax and 37-cent-per-gallon diesel tax
Mike Braun, Governor of Indiana
Relevance: primary · Type: action
Confidence100%
On April 8, Republican Gov. Mike Braun issued an executive order for a 30-day suspension of Indiana's 7% gasoline sales tax
Relevance: primary · Type: action
Confidence100%
Utah temporarily reduced its state fuel tax by 6 cents per gallon, bringing its state gas tax to 32 cents per gallon for the remainder of 2026
Jon Burns, Georgia House Speaker
Relevance: supporting · Type: quote
Confidence100%
Georgia House Speaker Jon Burns said the gas tax suspension would save drivers nearly $400 million over the next 60 days
Relevance: supporting · Type: background
Confidence100%
Most U.S. states have been hesitant to suspend their gas taxes
Relevance: supporting · Type: background
Confidence100%
The federal government has not moved to suspend the federal 18.4-cent-per-gallon gas tax or 24.3-cent-per-gallon diesel tax
Relevance: supporting · Type: background
Confidence100%
Suspending the federal 18.4-cent-per-gallon gas tax and 24.3-cent-per-gallon diesel tax would require an act of Congress
Carl Davis, Research Director at the Institute on Taxation and Economic Policy
Relevance: supporting · Type: quote
Confidence100%
"The bottom line is it's an expensive gimmick."
Carl Davis, Research Director at the Institute on Taxation and Economic Policy
Relevance: supporting · Type: quote
Confidence100%
"If the goal is to get tax cuts into the hands of working-class, middle-class drivers, it's mostly going to miss the mark."
Wes Moore, Governor of Maryland
Relevance: supporting · Type: action
Confidence100%
Maryland Gov. Wes Moore declined to say he was open to suspending the state's 47-cent-per-gallon gas tax
Wes Moore, Governor of Maryland
Relevance: supporting · Type: background
Confidence100%
Wes Moore argued the real problem is the war with Iran and the uncertainty it brings
Wes Moore, Governor of Maryland
Relevance: supporting · Type: background
Confidence100%
Wes Moore said he expects gas prices to remain elevated once the war ends
Carl Davis, Research Director at the Institute on Taxation and Economic Policy
Relevance: supporting · Type: background
Confidence100%
Carl Davis explained that gas taxes are not like a sales tax and suspending them will not directly pass all of the savings to the consumer
Carl Davis, Research Director at the Institute on Taxation and Economic Policy
Relevance: supporting · Type: quote
Confidence100%
"Some of it will be retained along the way by the oil and fuel industries."
Relevance: supporting · Type: background
Confidence100%
A 2022 Penn Wharton study found that drivers saw a portion of the temporary fuel tax cuts in Maryland, Georgia, and Connecticut but not all of it
Relevance: supporting · Type: background
Confidence100%
In Maryland, 72% of the temporary fuel tax cut was passed on to consumers
Relevance: supporting · Type: background
Confidence100%
In Georgia, 62% of the temporary fuel tax cut was passed on to consumers
Relevance: supporting · Type: background
Confidence100%
In Connecticut, 71% of the temporary fuel tax cut was passed on to consumers
Relevance: supporting · Type: background
Confidence100%
The remainder of the temporary fuel tax cut was presumed to be absorbed by fuel wholesalers or distributors who pay the gas tax to the federal government
Relevance: supporting · Type: background
Confidence100%
When the fuel tax is suspended, fuel wholesalers or distributors can choose to keep some of the money instead of lowering prices at the pump
Relevance: supporting · Type: background
Confidence100%
Gas and diesel taxes function as a user fee for roadways, with road users paying the taxes and benefiting from them
Relevance: supporting · Type: background
Confidence100%
Without gas and diesel taxes, road improvement projects could be placed on hold or significantly delayed
Carl Davis, Research Director at the Institute on Taxation and Economic Policy
Relevance: supporting · Type: background
Confidence100%
Carl Davis said that potholes may go unfilled and drivers may need unplanned mechanic shop visits to fix tires as a result of suspended gas taxes
Carl Davis, Research Director at the Institute on Taxation and Economic Policy
Relevance: supporting · Type: quote
Confidence100%
"That's not something drivers should be excited about."
Relevance: supporting · Type: background
Confidence100%
The Institute on Taxation and Economic Policy estimates Georgia will lose about $399 million in revenue over its 60-day gas tax suspension
Relevance: supporting · Type: background
Confidence100%
The Institute on Taxation and Economic Policy estimates the bottom 60% of earners in Georgia will save only $13 a month due to the gas tax suspension
Carl Davis, Research Director at the Institute on Taxation and Economic Policy
Relevance: supporting · Type: quote
Confidence100%
"These things that the gas tax pays for are what make it possible to drive at all and have a safe, efficient, enjoyable drive."
Adam Hoffer, Director of Excise Tax Policy at the Tax Foundation
Relevance: supporting · Type: background
Confidence100%
Many states are drawing upon other revenue sources to fund road projects and cannot afford to eliminate the gas tax, Adam Hoffer said
Carl Davis, Research Director at the Institute on Taxation and Economic Policy
Relevance: supporting · Type: background
Confidence100%
States may have to pull resources for roads from other areas such as school funding, Davis said
Carl Davis, Research Director at the Institute on Taxation and Economic Policy
Relevance: supporting · Type: background
Confidence100%
State gas tax holidays mean revenue is not collected from out-of-state drivers, Davis said
Relevance: supporting · Type: background
Confidence100%
States are reluctant to give up revenue collected from out-of-state and commercial drivers
Adam Hoffer, Director of Excise Tax Policy at the Tax Foundation
Relevance: supporting · Type: background
Confidence100%
Federal gas tax revenue goes directly into the federal Highway Trust Fund, which is gradually becoming underfunded, Adam Hoffer said
Adam Hoffer, Director of Excise Tax Policy at the Tax Foundation
Relevance: supporting · Type: quote
Confidence100%
"I think that's the reason why we're not seeing a federal proposal at this time."
Joe Biden, Former President of the United States
Relevance: supporting · Type: background
Confidence100%
Former President Joe Biden proposed a federal gas tax holiday in 2022
Relevance: supporting · Type: background
Confidence100%
Congressional Democrats dismissed the idea of a federal gas tax holiday in 2022
Barack Obama, Then-candidate for President
Relevance: supporting · Type: background
Confidence100%
During the spring 2008 financial crisis, then-candidate Barack Obama dismissed calls by his rivals for a federal gas tax suspension
Adam Hoffer, Director of Excise Tax Policy at the Tax Foundation
Relevance: supporting · Type: background
Confidence100%
Adam Hoffer said that reinstated gas taxes could occur at a poor time for drivers and drivers dislike seeing taxes increase again
Adam Hoffer, Director of Excise Tax Policy at the Tax Foundation
Relevance: supporting · Type: quote
Confidence100%
"The really heavy summer travel season is ahead of us."
Relevance: supporting · Type: background
Confidence100%
The U.S. Energy Information Administration expects gas and diesel prices to remain higher than previously projected into 2027
Relevance: supporting · Type: background
Confidence100%
In January before the war with Iran, the U.S. Energy Information Administration anticipated national gas prices would average $2.95 per gallon in 2027
Relevance: supporting · Type: background
Confidence100%
The U.S. Energy Information Administration now projects gas prices will average $3.46 per gallon in 2027
forum Comments (0)
No comments yet. Be the first to comment.