The report quantifies some of the criticism that economists and budget experts have voiced about gas tax holidays. Other states have expressed interest in gas tax holidays or other measures to help residents pay for fuel. Though past administrations have called for gas tax holidays, lawmakers have never approved such a measure. State gas tax holidaysIn Maryland, 72% of the tax savings was passed on to consumers, according to Penn Wharton, which used two separate methods to calculate the benefit in each state it examined. “The rest of it was captured by distributors.”Federal gas tax holidayOn Wednesday, Biden pushed Congress to suspend the roughly 18-cent federal gas tax, saying it would “give families just a little bit of relief.”Experts have questioned how much gas tax holidays really help drivers.

Source: CNN June 23, 2022 02:02 UTC