Tag Archives: gas tax

economic news

Get a Plan B ready

Here’s a word of advice for you, President Biden: Get a Plan B ready in the apparently likely event that your fuel-tax holiday doesn’t make the grade in Congress.

I reluctantly endorsed your idea of suspending the fuel tax for 90 days, Mr. President, only because I want some immediate relief from these monstrous fuel prices. Hey, I just returned from an errand this morning, stopped to put some diesel fuel into my truck, stopped the pump at $35 … and then saw that I barely moved the fuel-gauge needle.

What would suspending the diesel fuel tax do for me? Not much, Mr. President. But it’s something!

Whatever you have on the back burner, sir, well … I am thinking you’d better dust it off and get it ready to present.

I am among those Americans who continues to seethe that Republicans continue to resist every single idea that comes from the White House, Mr. President.

I know that’s why we pay you the big dough, Mr. President. Still, just a little give from the “loyal opposition” would give me a glimmer of hope that good government is still possible.

johnkanelis_92@hotmail.com

economic news

Gas tax holiday? Sure, let’s do it!

President Biden is considering a temporary suspension of the federal fuel tax we motorists pay every time we put the go-juice into our motor vehicles.

I have kinda waffled on this one, but I’ve decided that it’s worth doing to give Americans — such as my family and me — some relief from the pain we are enduring at the fuel pump.

The “tax holiday” would save us about 18 cents per gallon of fuel with each visit to the service station. The savings over time isn’t a huge amount, but it’s significant enough to give us a little bit of a break from the gouging (I believe) that is occurring.

Energy companies are raking in huge profits while soaking us at the pump. Joe Biden is trying like the dickens to talk the oil company moguls into drilling for more fossil fuel, which would shore up the supply. He has ordered the release of 1 million barrels of petroleum each day for six months from our Strategic Petroleum Reserve.

Surely, there’s a downside to the tax holiday. The federal fuel tax pays for infrastructure maintenance and improvement. That money will dry up, forcing the government to find other revenue sources to pay for the necessary improvements to our highways and bridges.

For now, though, I will — with reluctance — endorse the idea of a tax holiday … just go get some relief from the pain and sticker shock.

It won’t allow me to continue driving the way I did before this monstrous spike in fuel prices. It just won’t hurt quite as much whenever I park next to the pump.

johnkanelis_92@hotmail.com