Gas Tax holiday
Doesn't do as much as you think.
Instead it might backfire(assuming the state doesn't cut budgets/other revenue sources).
As reported:
https://oilprice.com/Energy/Gas-Prices/Did-New-Yorks-Tax-Holiday-Actually-Help-Reduce-Gasoline-Price-Pain.html
An analysis by the Institute on Taxation and Economic Policy (ITEP) for New York Focus showed that less than 50% of the tax savings made its way to consumers. The article estimated that 30% was being retained by the oil industry, which is consistent with the argument I made earlier. However, I will admit I thought it would be more than 30%.
Important things to note.
Supply side fixes are the best. But they're also the hardest.
Leave Gas Tax holiday to:
Best Posts From Samesishere!
We have not curated any of sames's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.