How much difference would it make to suspend the Federal Gas Tax?
Not much.
President Biden is announcing today a plan to suspend the Federal Gas Tax for 3 months. How much difference would this make?
The tax is currently 18.4 cents per gallon. According to AAA, the average price of Regular Unleaded in the U.S. today is $4.955. This means a suspension will reduce the price by 3.7%.
When times are tight and prices are rising, I gu…
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