A gas tax holiday may not be something you want to celebrate

The President Biden's three-month federal tax holiday on gas seems like a welcome relief in the face of rising gas prices.

Barbara Johnston
Barbara Johnston
08 July 2022 Friday 16:19
33 Reads
A gas tax holiday may not be something you want to celebrate

The President Biden's three-month federal tax holiday on gas seems like a welcome relief in the face of rising gas prices. How excited should drivers be before they go to the gas station?

It all depends on how push and pull there is between ordinary drivers and oil companies. The Indicator today invites you to explore the economics of the pump and learn about the theory behind tax incidence.

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