Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Occupy Underground

thatdemguy

(535 posts)

5. This might not be liked here, gas tax holidays

Reply to ck4829 (Original post)

Mon Oct 31, 2022, 09:31 AM

Oct 2022

Gas taxes are an incredible amount of money as well, we should not suspend it completely. Took a little looking but it seems like 2021 state gas taxes was 52 billion, and from what I can find the fed taxes are similar. Thats 100 billion in taxes, how about just cut it in half for a little while. That would be a savings of 20-40 cents a gallon.

Also that means exxon is making about 10-15 cents a gallon profit, yes they could cut it a third and drop gas prices by another 5 maybe as much as 10 cents.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

6 replies

= new reply since forum marked as read

Highlight:

Exxon, Chevron combined profits exceed $30 billion [View all] ck4829 Oct 2022 OP

Rake in the money while buying the elections. Win-win. Chainfire Oct 2022 #1

We have to break the chokehold on America's democracies of these fossil fuel giants and their ... Botany Oct 2022 #2

Well, obviously a paltry $30B is not enough of an incentive to lower prices for their customers. Firestorm49 Oct 2022 #3

This message was self-deleted by its author Firestorm49 Oct 2022 #4

This might not be liked here, gas tax holidays thatdemguy Oct 2022 #5

Puppet GOP lawbreakers will blame Biden. GreenWave Oct 2022 #6