Sunday, June 26, 2022

The Biden Gas Tax Holiday Not Much Help and Not Very Good Politics


 FLORIDA  


Opinion by:  
E. Eugene Webb PhD

President Joe Biden’s gas tax proposal eliminating the federal state highway tax for three months it's certainly getting a lot of press, but it's also getting a lot of opposition.

Interestingly, the opposition is coming from both sides of the aisle.

In many ways, this proposal is another indication of how far out of touch with reality our current president is.

It all boils down to this.

The gas tax holiday provides little benefit to the average person driving for holiday vacations through this period of time, and in the aggregate could cost the country deeply regarding funding for highway and road construction and improvement.

GAS TAX SAVINGS TABLE

GALLONS

TRIP DISTANCE

SAVINGS

10

250

$1.80

20

500

$3.60

30

750

$5.40

50

1,250

$9.00

100

2,500

$18.00

* Assume 25 miles Per Gallon

I'm not sure if this is political theater or just simply political stupidity.

In any event, I find myself coming down on the side of those who think this is a bad idea. It looks like there aren't going to be enough votes in all of Congress, House and Senate, to get this useless package converted into law but then one never knows in a political season which way some politicians may decide to turn.

You might want to consider planning your 4th of July and Labor Day events a little closer to home this year in order to save a bit on fuel.

I'm also confident, that an enormous number of Americans will take to the highways, byways and airways both during the 4th of July holiday and the long Labor Day weekend to enjoy some time with their friends and family virtually regardless of how much the fuel costs.

It's just who we are.

Enjoy the holidays with your family and friends and whatever you do drive and fly safely.

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