Happy holiday motorists! Well, maybe not so much
On June 22, by popular demand, U.S. President Joe Biden asked Congress to pass a three month “holiday” on collection of the federal gasoline tax.
With prices hovering at around $5 per gallon, Americans want something done.
I’m all for it. I hate taxes, and I’m all for tax cuts, in any amount, for any length of time. Yay, Biden!
But before breaking into a collective happy dance over the holiday proposal and how great it's going to be for our wallets, let’s look at some numbers.