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Time to pull this old post out. A federal gas tax holiday is a hollow gesture. Saves - at most - 18 cents. That assumes the oil companies don't pocket it but pass it on. econofact.org/should-we-su...
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The price of gasoline has spiked since the Russian invasion of Ukraine. Politicians have been quick to call for a temporary suspension of gas excise taxes. But is this good policy?
econofact.org
Should We Suspend Gas Taxes to Counter High Oil Prices? | Econofact