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Home Politics

Joe Biden’s Gas Tax Holiday Is Another Foolish Attempt to Pass the Buck

by RedState
June 22, 2022
in Politics
Joe Biden's Gas Tax Holiday Is Another Foolish Attempt to Pass the Buck

AP Photo/Patrick Semansky Joe Biden has officially announced his plan to ask Congress for a three-month gas tax holiday. Proponents see it as an opportunity to ease the burden high gas prices are putting on American families, particularly middle- and lower-class families.

The problem, as opponents are pointing out, is the negative impact such a holiday would actually have.

As my colleague Nick Arama pointed out earlier today , one of the biggest impacts a gas tax holiday will have is to increase demand while decreasing supply. And when demand goes up and supply goes down, prices also go up. The […]

Read the rest of this story here: redstate.com

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