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Georgia makes big move to lower gas prices

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The state of Georgia has suffered enough from the skyrocketing fuel prices we’ve seen under the disaster of the Team Biden administration and is acting in a key way to deal with the price increases, at least in the short term.

You see, states have an engine fuel tax, which is supposed to be paid for the construction and maintenance of roads. Those taxes vary from state to state, generally depending on how far the government is leaving and how much they want to raise gas prices to combat “climate change.” Hence why gas in California is so much more expensive than gas in California.

Well, the Georgia Senate just unanimously (55-0) voted suspended that tax by passing HB 304, to Governor Kemp, who quickly signed the bill and reduced fuel costs for the Georgians. The tax suspension provision HB304 is set to expire at the “final date” of May 31, 2022.

Just News, reporting on the potential impact of the bill, report:

Georgia collects 29.1 cents/gallon for gasoline and 32.6 cents/gallon for diesel fuel, Sen. Chuck Hufstetler, R-Rome, said on the Senate floor.

[…]The state collected about $157 million in motor fuel taxes over the past month, and suspending the levy will likely save consumers statewide between $300 and $400 million, Hufstetler said. The state will use the rainy day fund to cover the loss.

So by passing HB 304, the Georgia legislature is saving drivers between 29 and 33 cents a gallon, depending on the type of fuel they use.

While not large enough to fully offset the increase in gas prices that have been seen under Biden, it’s a big enough change to significantly reduce pump-induced prices, temporarily, at least.

Feeling that this measure was likely to be popular with everyone who is experiencing pump pain right now, Governor Kemp signed the bill on Friday the 19th, shortly after it reached the table. his work.

Talking about why he chose to sign the bill and not pay taxes, Kemp, in a short video, said he signed the bill as soon as it reached his desk and then blamed it on its necessity for Joe Biden, said:

We can’t fix everything that Washington broke, but we’re doing our part to lessen the impact on your wallet.. ”

What’s more, the measure probably won’t have too much of an impact on Georgia’s highways, as the state has a larger budget surplus than it generates from the gas tax, a surplus that Fox reports Kemp uses. used to pay for the tax suspension. Like a store report:

Kemp Republicans plan to use part of the roughly $1.25 billion surplus left over from the previous budget year, in addition to $1.1 billion in state income tax refunds, to offset any any gaps in traffic financing.

Given the bill’s popularity, Kemp’s swift signing of it could help him spur Georgia voters to participate in both his primaries with former Sen. Perdue and potentially as a candidate. running for director with Stacey Abrams.

https://smartzune.com/georgia-makes-big-move-to-lower-gas-prices/ Georgia makes big move to lower gas prices

Jake Nichol

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