Since the tax on gasoline is a consumption tax, as opposed to a sales tax, and that the demand for gasoline is in high demand, elimination of the gas tax would do little for price, i.e. tax elasticity effect.
However, I am in favor of eliminating the tax because the govt has not done anything to earn the tax and the funds collected are wasted.
Just suspending it for 3 or 4 months will do very little for the average motorist. Average 15,000 miles per year, so at the most the average number of miles driven during a 4 month suspension might be 5,000. At an average of 20MPG, the $0.184/gallon federal gas tax would save about $46. Big whoop.
You’re right, IMO. Eliminate it permanently.
Uhmm, don’t they build roads with that tax money? I think that’s how it’s suppose to work in america anyway. Instead of paying the toll when you get on the freeway, you pay it when you fill your tank. It seems like a good system to me. I’d rather they built roads with gas tax than with income tax. I’d like to see more separation of the funds though. As it is, it all goes into one big pile and you never know what it’s really being spent on.