I don’t to be an alarmist but it doesn’t look for our party right now There are two reason for this . Inflation and Fuel Prices. Yes, it get it. The president can do little about it and has no direct control. President Biden just release a huge military reserve which hopefully will stabilize prices. What congress can control are the Federal Taxes .
www.eia.gov/…
From the article:
The taxes and other fees on retail gasoline and diesel fuel, in cents per gallon, as of January 1, 2022 are:
|
Gasoline |
Diesel |
Federal |
18.40 |
24.40 |
Average of total state taxes |
31.02 |
32.66 |
Federal taxes include excises taxes of 18.3 cents per gallon on gasoline and 24.3 cents per gallon on diesel fuel, and a Leaking Underground Storage Tank fee of 0.1 cents per gallon on both fuels. State taxes include rates of general application including, but not limited to, excise taxes, environmental taxes, special taxes, and inspection fees, but they exclude state taxes based on gross or net receipts. State taxes do not include county and local taxes. This information is for general informational purposes only.
If these taxes were temporally removed, this should bring prices down . The revenues can be made up in other places. What is will show is we are doing something . We care (we do) Let the Republicans try to stop this . People are hurting out there and the Republicans are great at being an “opportunistic infection” They are good at taking advantage of a bad situation. Of course they have no solution except reducing taxes on the wealthy and gutting environmental regulation But that’s what they do.
An 18 cent reduction per gallon of gasoline is significant to show we are doing something and but some much needed time and maybe some approval
Think about it