Featured 3 States Drop Gas Tax as Prices Soar

Replace it with the EV annual fee and we’ll all be happy.

Bob Wilson

 

TL;DR Connecticut, Georgia, Maryland

 

should I bet how many in Europe have been wondering how spoiled americans are about the price of gas?
I wonder how close @Trollbait estimate is to actual, of what gas prices in the US would be without gov incentives at $15

 

Virginia may be next.
MD is only 1-month, but we hope to take advantage. We tend to buy a lot of gas traveling thru Maryland to western Pa.

Both Maryland and Virginia used the Trump Tax Cut and Jobs Act as an excuse to raise state taxes, by disallowing many people to itemize on their state deductions. So they ( at least Virginia) have surplus to temporarily replace the lost road taxes.

I never personally saw much benefit of the Trump tax cuts because the state moved in to take the modest savings we otherwise might have seen.

 

governments are crazy. why would anyone give rich people driving land yachts a hundred miles an hour a tax break?

 

Same reason they Jack up taxes on 20 year old economy cars

 

i guess it pays to be a gas hog

 

You weren't the demographic the Trump Tax Cuts were targeted for.

 

The simple reason: to buy votes

Mike

 

I would think it would only be fair, that they then raise taxes when the gas price drops.

 

Where did you get the idea the US government is trying to shut down production. Production dropped with the drop in price and demand with covid. It has been increasing since and will soon be higher than in 2019. Oil companies don't believe the price will stay this high or US oil production would be increasing faster. Cost of new wells is higher with the cost of raw materials and labor. It takes time and if price drops a lot in a year that investment may be stranded.

Opinion: What would it take for U.S. oil companies to ramp up production? A lot. - MarketWatch

 

The local state gas men always talked about the panacea of $10,000 annual registration taxes and removal of gas tax.

 

Oh, so close to getting it...

 

well, the question was rhetorical

 

Socioeconomic fallout of current world events. A lot like every / many other wars that threatens a large enough group of the worlds political heavy weights feat: their allies. Redrawing political boundaries has its costs. Oil reserves is a biggy no matter how anyone explains the political conflicts away. Just because it's not the US going to war, doesn't mean it's any less important to the world economy, including our (US) own.

 

so should we drop the gas tax or not?

 

good luck with that ! (to drop or not to drop) taxes ie: gas taxes
No matter what is done, there's gonna be somebody complaining about it.